Key Market Indicators
Macedonian Music Revenue is projected to reach €1.1 million by 2028, up from €1 million in 2023, marking a compound annual growth rate (CAGR) of 1.9%. Since 2018, the Macedonian market has seen an annual increase of 7.4%. In 2023, the country ranked 31st globally, with Luxembourg surpassing it with €1 million in revenue. The United Kingdom, France, and Sweden occupied the second, third, and fourth spots, respectively, in this ranking. Meanwhile, Macedonian Music Expenditure is expected to climb to €459 million by 2028, from €393 million in 2023, reflecting a CAGR of 2.6%. Since 2005, the country's demand has grown annually by 4.1%. In 2023, Macedonia ranked 35th, trailing Malta, which reported €393 million in expenditure. Germany, France, and Italy secured the second, third, and fourth positions, respectively, in this category.
