Key Market Indicators
In 2020, Estonia's music revenue dropped by 5.4%, falling to €5.3 million from €5.6 million in 2019. Since 2013, the market had grown 8.7% year-on-year. Estonia ranked 28th, while Serbia overtook it with €5.3 million. The United Kingdom, France and Sweden came in at numbers two, three and four, respectively. Estonian music expenditure is expected to reach €1.28 billion by 2026, up from €1.08 billion in 2021. This is an average year-on-year growth rate of 2.1%. Since 2000, demand has risen 2.6% year-on-year. The country was ranked 29th in 2021, while Latvia came ahead with €1.08 billion. Germany, France and Italy were ranked second, third and fourth, respectively.
Estonia Music Market Data and Forecasts
How much will Estonia Music Market grow?
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