Key Market Indicators
Spanish music expenditure is projected to climb to €74 billion by 2028, up from €65 billion in 2023. This growth represents an annual average increase of 2%. Since 2000, Spanish demand has risen at an average rate of 3.8% per year. In 2023, Spain ranked fifth in music expenditure, with Italy surpassing it at €65 billion. Germany, France, and Italy occupied the second, third, and fourth spots, respectively. On the revenue front, Spanish music earnings are expected to reach approximately €499 million by 2028, up from €427 million in 2023. This marks an annual growth rate of 2.4%. Since 2013, the Spanish market has seen a robust yearly increase of 6.3%. In 2023, Spain was the sixth-largest market in terms of music revenue, with the Netherlands slightly ahead at €427 million. The United Kingdom, France, and Sweden ranked second, third, and fourth, respectively.
