The Anime Market Shrinks For the First Time in 11 Years
On November 4, the Association of Japanese Animations (AJA) released its annual “Animation Industry Report,” which details the latest information on the state of the Japanese anime production industry. The report compiles market statistics from 2020 and information on the state of the industry in 2020-2021.
The biggest news item of 2020 is that the global anime market, which was enjoying record-breaking growth for the past 10 years, contracted compared to the previous year for the first time in 11 years. The market size in 2020 was 2.4 trillion (or 2,426.1 billion) yen, a 3.5% shrink compared to 2019.
Nevertheless, the fact that it was a small-scale contraction can be actually seen as a positive surprise for the industry. Due to the spread of COVID-19 in 2020, the scale of economic activities was restricted; there…