Key Market Indicators
Revenue from the Macedonian music industry is forecast to reach €1.2 million by 2026, up from €1 million in 2021. This represents an average annual growth rate of 2.9%. Since 2017, the market has grown by 19.5% each year. In 2021, the country was ranked number 31, with Luxembourg ahead of them at €1 million. The United Kingdom, France, and Sweden were respectively numbers 2, 3, and 4 in this ranking. Meanwhile, expenditure on music in Macedonia is set to reach €394 million by 2026, up from €329 million in 2021. This equates to an average annual growth rate of 2.5%. Since 2005, demand has grown by 4.6% each year. In 2021, the country was placed 35th, with Malta ahead of them at €329 million. Germany, France, and Italy respectively ranked numbers 2, 3 and 4 in this ranking.
Macedonia Music Market Data and Forecasts
How much will Macedonia Music Market grow to 2026?
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