E-Book Market in Russia Tiny, But Growing

At $2.2 million and accounting for less than 1% of all book sales, the e-book market in Russia is tiny compared to the U.S., where e-book revenues near $1 billion.

From The Moscow Times (Commuting and Content Driving E-Book Growth):

The country’s burgeoning e-book market is seeing dramatic growth rates, with an ever-increasing number of titles available in electronic format and e-readers continuing to fall sharply in price.

The size of the Russian e-book market is currently $2.2 million, with e-books accounting for less than 1 percent of total book sales, according to a December 2011 report by RBK Research, although these figures are expected to rise as the considerable growth potential of the domestic online retail industry is realized.

Prices for e-books on LitRes’ site range from 10 rubles (30 cents) for Lev Tolstoy’s novel “Childhood” to 250 rubles for the Russian translation of Walter Isaacson’s “Steve Jobs.”

Read more at The Moscow Times.

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