Key Market Indicators
Romania's music expenditure is projected to hit €12.7 billion by 2028, up from €10.4 billion in 2023, marking an annual growth rate of 3.1%. This trend follows a 4.1% year-on-year increase in demand since 2000. As of 2023, Romania ranked 16th in music expenditure globally, with the Czech Republic slightly ahead at €10.4 billion. Leading the rankings were Germany, France, and Italy, holding the second, third, and fourth positions, respectively. However, the outlook for Romanian music revenue appears less promising. Projections indicate a slight decline to €45.1 million by 2028, down from €45.9 million in 2023, averaging a 0.3% annual decrease. Despite this, the market has seen a 2.1% year-on-year increase since 2013. In 2023, Romania ranked 19th in music revenue, with Portugal just ahead at €45.9 million. The United Kingdom, France, and Sweden occupied the second, third, and fourth spots, respectively, in this category.
