Key Market Indicators
Music revenue in Iceland is forecast to reach €15.9 million by 2026, up from €13.9 million in 2021. There has been no average annual decrease since the start of the decade. In 2021, Iceland was ranked 22nd in the world, overtaken by Croatia with €13.9 million. The UK, France and Sweden ranked second, third and fourth respectively. Icelandic music expenditure is predicted to hit €1.24 billion by 2026, growing at an average of 1.6% annually since 2021. Since 2000, demand for Icelandic music has dropped by 2% each year. In 2021, the country was ranked 31st, overtaken by Cyprus at €978.6 million. Germany, France and Italy were second, third and fourth respectively.
Iceland Music Market Data and Forecasts
How much will Iceland Music Market grow to 2026?
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