Global Vinyl Market Details
17. 4. 2015
IFPI issued report targeted at the global vinyl market.
Report is available here: http://www.ifpi.org/news/IFPI-publishes-global-vinyl-market-details.
Report states:
On the eve of Record Store Day, IFPI, the organisation that represents the recording industry worldwide, has published details of the global vinyl market.
Vinyl has seen a revival in the past few years, with sales increasing by 54.7 per cent in 2014 alone to US$346.8 million. The leading market for vinyl sales is the US, where the market was worth US$181.6 million last year, up 52.8 per cent. The top 10 market with the highest growth was Australia, where vinyl sales climbed 127.0 per cent.
Despite its sales success, vinyl remains a comparatively niche part of the global recording industry, accounting for 2 per cent of its US$14.97 billion revenues in 2014.
Top 10 markets – vinyl sales (US$ millions) 2014
|
Rank |
Market |
2013 |
2014 |
2014 % change |
| 1 | USA | 118.8 | 181.6 | +52.8% |
| 2 | Germany | 25.5 | 34.0 | +33.4% |
| 3 | UK | 19.8 | 31.7 | +60.1% |
| 4 | Japan | 9.0 | 16.3 | +81.4% |
| 5 | Netherlands | 9.4 | 14.1 | +50.2% |
| 6 | France | 8.8 | 12.2 | +39.2% |
| 7 | Canada | 7.0 | 9.2 | +31.6% |
| 8 | Italy | 3.5 | 6.2 | +76.5% |
| 9 | Australia | 2.7 | 6.0 | +127.0% |
| 10 | Sweden | 2.3 | 3.7 | +59.9% |
| Global | 224.2 | 346.8 | +54.7% |
Source: IFPI, translated to USD at 2014 fixed exchange rates. Ranking based on 2014 vinyl figures.
Frances Moore, chief executive of IFPI, says: “The recording industry is a portfolio business, offering music in formats from vinyl to streaming. Critics thought vinyl would disappear as a format, but many music fans around the world seem to be falling in love with it again. With the accompanying artwork and liner notes, vinyl records really can be a work of art and a collector’s delight.”