Key Market Indicators
Irish music revenue is projected to decline slightly, reaching approximately €111 million by 2028 from around €112 million in 2023. This represents a modest annual decrease of 0.1%. The market has seen a more significant drop over the longer term, with a 5.9% annual decline since 2018. In contrast, Irish music expenditure is on an upward trajectory. By 2028, spending is expected to hit €8.24 billion, up from €7.46 billion in 2023. This marks an average annual growth rate of 1.6%. Over a more extended period, since 2000, demand in Ireland has increased by 2.5% per year. In the 2023 rankings, Ireland placed 19th in terms of music expenditure. Portugal surpassed Ireland, also recording €7.46 billion in spending. Leading the rankings were Germany, France, and Italy, occupying the second, third, and fourth positions, respectively.