Key Market Indicators
Croatian Music Expenditure is projected to soar to approximately €5.2 billion by 2028, up from €4.6 billion in 2023. This indicates an average annual growth rate of 1.8%. Since 2000, the demand for music in Croatia has consistently risen at an average rate of 7.2% per year. In 2023, Croatia ranked 22nd in music expenditure, with Slovakia slightly ahead at the same €4.6 billion mark. Leading the chart were Germany, France, and Italy, securing the 2nd, 3rd, and 4th positions respectively. Meanwhile, Croatian Music Revenue is expected to climb to €36.7 million by 2028, a notable increase from €30.1 million in 2023. This translates to an average annual growth rate of 3.2%. Since 2016, the Croatian music market has seen a steady annual increase of 3.9%. In 2023, Croatia held the 21st position in music revenue, just behind Iceland, which recorded the same €30.1 million. Dominating the revenue rankings were the United Kingdom, France, and Sweden, occupying the 2nd, 3rd, and 4th spots respectively.
