Key Market Indicators
Danish music expenditure is projected to soar to €20.8 billion by 2028, rising from €18.9 billion in 2023. This marks an average annual growth rate of 1.6%. Historical data since 1980 shows a consistent increase in demand, averaging 2.9% growth per year. In 2023, Denmark ranked 13th globally in music expenditure, with Belgium surpassing it at the same €18.9 billion mark. Germany, France, and Italy occupied the second, third, and fourth positions, respectively. Meanwhile, Danish music revenue is expected to climb to €169 million by 2028, up from €151 million in 2023. This indicates an average annual growth rate of 1.9%. Since 2013, the Danish music market has enjoyed a steady year-on-year increase of 1.7%. In 2023, Denmark held the 12th spot in global music revenue rankings, just behind Finland, which matched its €151 million revenue. The United Kingdom, France, and Sweden took the second, third, and fourth spots, respectively.
