Key Market Indicators
Swedish music expenditure is projected to reach €30.3 billion by 2028, up from €27.7 billion in 2023, marking a 1.4% annual growth rate. This continues a trend of increasing demand, which has grown by 3.8% annually since 1998. In 2023, Sweden ranked seventh globally in music expenditure, with the Netherlands surpassing it at the same €27.7 billion mark. Germany, France, and Italy held the second, third, and fourth spots, respectively. Meanwhile, Swedish music revenue is expected to rise to €711 million by 2028 from €667 million in 2023, reflecting a 1% annual growth rate. The Swedish market has seen a steady increase of 2.2% per year since 2013.