The Frankfurt Book Fair New York Inc. was founded in 1998 as a non-profit organization and is one of four international Frankfurt Book Fair offices. The Frankfurt Book Fair New York Inc. (formerly German Book Office, GBO) is a liaison office for American editors, German rights directors, editors, and translators. With funding from the German Foreign Office, the New York office manages several projects such as the annual Editor’s trip, Festival Neue Literatur, translation workshops, Book of the Month Picks and promotes selected German titles from such lists as New Books in German , Children’s Books on Tour and Geisteswissenschaften International.
Selected cultural projects of the Frankfurt Book Fair New York Inc. are funded by
Trends in 2015 included significant growth in the children & young adult category, the ongoing growth of ebooks, and the growing popularity of audiobooks. While print sales of adult fiction increased in 2015, the adult nonfiction segment still remained the largest print category, led by Marie Kondo’s The Life-Changing Magic Of Tidying Up. The top bestseller in adult fiction in all categories was Go Set a Watchman by Harper Lee. Analyzing sales by format, the mass-market paperbacks and physical audiobooks stand out with their double-digit declines. According to BookScan, total units sold topped 652 million in 2015.
U.S. Book market (updated January 2016)
Compared to the previous year, the German book trade in 2015 registered a 1.7 % decline in the popular market through various distribution channels, including stationary book trade, railway station book trade, e-commerce and warehouses. According to the Consumer Price Index Destatis, the average book price fell 0.9% in 2015. The percentage of eBook sales in the total market continues to rise at a moderate rate. In 2015, the share of sales in this section was by 4.5% (2014: 4.3 %). As the only organization in the world that unites all three trade sectors, publishing houses, bookstores and wholesale book trade under one roof, the Börsenverein currently has 5.200 members.