Turkish publishers struggle to survive amid economic crisis

Turkish publishers are increasingly struggling to release new books and face agonising choices to survive amid the country’s economic crisis, according to some of Turkey’s most prestigious publishing houses.

Turkey’s rampant inflation, which officially reached 70 percent in May, has weakened the purchasing power of Turkish bookworms.

Meanwhile, with the Turkish lira slumping to record lows, books are becoming much costlier to produce.

According to February 2022 data from the Statistics Institute of Turkey, the annual increase in paper prices was a record 168 percent.

“We have to decide almost daily which titles to kill, or at least postpone indefinitely, because we have only so much paper,” Cem Akas, editor-in-chief at Can Publishing, told Al Jazeera.

Meanwhile, many smaller publishers face going under.

Last month, a front-page headline of Cumhuriyet, an opposition newspaper, read: “The publishing houses can no longer print books.”

These are worrying developments for a $1bn industry – more than 87,000 different titles were published in Turkey last year, putting the country sixth in the global publishing rankings.

And publishers say the industry is also vital for Turkey’s cultural vibrancy and as a space for freedom of speech.

After the closure of the country’s domestic paper factories in recent years, the Turkish publishing industry now relies on imported paper – the price of which has skyrocketed as the lira lost nearly half of its value against the US dollar in 2021. Meanwhile, international supply has also been affected by supply chain issues amid the pandemic – leading to acute shortages.

“A tonne of high-quality paper used to cost 600 euros in 2021. Now it’s 1,150 euros,” Kenan Kocaturk, the head of Turkey’s Publishers Association, told Al Jazeera.

But he said paper was not the only issue.

“Today, Turkish publishers import everything: paper, ink, the glue used to bind books,” Kocaturk said. “Electricity prices, vital for printers, have skyrocketed.”

Meanwhile, he says Turkish publishers are reluctant to raise their prices amid a cost-of-living crisis – some have even reduced prices to attract customers and compete with online vendors.

With a fall in purchasing power, people spend their hard-earned income on necessities and book sales inevitably drop. The retail book market shrank by 11.26 percent in 2020, according to a report by the Turkish Publishers Association. The publishers’ union YAYBIR found that the number of books published in January 2022 fell by 20 percent compared with January 2021. The sharing of illegal PDF books also peaked during the pandemic, according to Kocaturk.

Medium and small-sized publishers are being hardest hit by the crisis.

Secil Epik and Busra Mutlu, co-founders of Umami, set up their boutique publishing house in 2021.

“As a publishing house focusing on translations, copyright fees and paper costs are equally challenging for us,” Epik told Al Jazeera. “At the end of the day, we earn in Turkish liras, paying both in dollars. It’s getting harder to acquire new titles every day.”

They said they have noticed a considerable fall in sales so far this year and that while the initial print of their first title sold out in four months, only half of its second run has sold.

As it takes several months to get paid for a first run, they struggle to reprint titles with the earnings as costs surge in the meantime – they said that their first book’s publishing costs doubled in just two months.

“This may not be very challenging for publishing houses that publish 100 new books per year and already have tens or hundreds of books in circulation, but it has become hard for independent publishing houses that produce on a much smaller scale and want to discover niche areas and new names, and introduce them to their readers,” Mutlu said.


To read the full article: https://www.aljazeera.com/news/2022/5/26/turkey-book-publishers-struggle-to-survive-amid-economic-crisis