Key Market Indicators
Luxembourger Music Revenue is projected to remain flat at approximately €2.1 million by 2028, maintaining its current level from 2023. This indicates a zero percent compound annual growth rate (CAGR). Notably, since 2013, the Luxembourgish music market has experienced a modest year-on-year growth of 2 percent. In 2023, Luxembourg ranked 30th in this sector, with Latvia narrowly surpassing it at the same revenue level. The United Kingdom, France, and Sweden secured the second, third, and fourth positions, respectively. In contrast, Luxembourger Music Expenditure is expected to climb to around €1,710 million by 2028, up from roughly €1,540 million in 2023. This reflects an average annual growth rate of 1.7 percent. Since the year 2000, the country's music demand has consistently increased at a rate of 2.2 percent per year. Luxembourg held the 31st position in 2023, with Albania slightly ahead at €1,540 million in expenditure. Germany, France, and Italy ranked second, third, and fourth, respectively, in terms of music expenditure.
