Key Market Indicators
Maltese music expenditure is projected to climb to €652 million by 2028, up from €598 million in 2023. This marks an average annual growth rate of 1.4%. However, since 2000, Maltese demand for music has seen a yearly decline of 0.8%. In 2023, Malta was ranked 34th in global music expenditure, with Bosnia and Herzegovina surpassing it at the same expenditure level of €598 million. Germany, France, and Italy secured the 2nd, 3rd, and 4th spots, respectively. On the revenue front, Maltese music revenue is expected to reach €6.5 million by 2028, rising from €5.1 million in 2023. This represents an average annual growth rate of 3.8%. Since 2021, the Maltese music market has expanded by 3.5% annually. In 2023, Malta was ranked 28th in music revenue, with Serbia leading slightly ahead at €5.1 million. The United Kingdom, France, and Sweden held the 2nd, 3rd, and 4th positions, respectively.
