Key Market Indicators
Irish music revenue is projected to decline slightly, reaching approximately €111 million by 2028, down from €112 million in 2023. This marks an average annual decrease of 0.1%. Since 2018, the Irish market has experienced a yearly decline of 5.9%. In the 2023 global rankings, Ireland stood at 14th place, with Poland edging ahead at €112 million. The United Kingdom, France, and Sweden occupied the second, third, and fourth spots, respectively. Conversely, Irish music expenditure is expected to see significant growth. By 2028, spending is forecasted to hit around €8.2 billion, up from €7.5 billion in 2023, reflecting an average annual growth rate of 1.6%. Since 2000, Irish demand has increased by 2.5% each year. In 2023, Ireland ranked 19th in terms of expenditure, trailing Portugal at €7.5 billion. Germany, France, and Italy held the second, third, and fourth positions in this category.
