Key Market Indicators
Swedish music expenditure is projected to reach approximately €30.3 billion by 2028, up from €27.7 billion in 2023, marking a compound annual growth rate (CAGR) of 1.4%. Since 1998, the demand for music in Sweden has increased by an average of 3.8% annually. As of 2023, Sweden ranked seventh globally in music expenditure, with the Netherlands surpassing it at €27.7 billion. Germany, France, and Italy occupied the second, third, and fourth positions, respectively, in this ranking. In terms of revenue, Swedish music is anticipated to generate around €711 million by 2028, a rise from €667 million in 2023, translating to a 1% CAGR. Since 2013, the Swedish music market has grown at an annual rate of 2.2%. In 2023, Sweden ranked fourth in music revenue, with France taking the third spot at €667 million. The United Kingdom, France, and Sweden held the second, third, and fourth positions, respectively, in this category.
