Key Market Indicators
Lithuanian music expenditure is projected to hit approximately €3.8 billion by 2028, up from around €3.3 billion in 2023. This represents an average annual growth rate of 2.3%. Since 2000, the demand for music in Lithuania has risen at an average rate of 7.2% per year. In the 2023 ranking, Lithuania held the 24th spot, with Bulgaria slightly ahead, also at €3.3 billion. Leading the list were Germany, France, and Italy, occupying the second, third, and fourth positions respectively. On the revenue front, Lithuanian music revenue is expected to reach nearly €6.9 million by 2028, from an estimated €6.5 million in 2023. This marks a modest average annual growth rate of 0.9%. Over the past decade, the market has seen an average annual increase of 6.3%. In 2023, Lithuania ranked 26th in music revenue, with Greece just ahead at €6.5 million. The United Kingdom, France, and Sweden held the second, third, and fourth spots respectively in this ranking.
