Key Market Indicators
Lithuanian music expenditure is projected to escalate to €3.8 billion by 2028, up from €3.3 billion in 2023. This marks an annual growth rate of 2.3%. Since the turn of the millennium, the nation's demand for music has increased at an average rate of 7.2% per year. In the global context, Lithuania ranked 24th in music expenditure in 2023, with Bulgaria slightly ahead at the same €3.3 billion mark. Leading the rankings were Germany, France, and Italy, occupying the second, third, and fourth positions respectively. Meanwhile, Lithuanian music revenue is forecasted to reach €6.9 million by 2028, rising from €6.5 million in 2023. This represents an annual growth rate of 0.9% on average. Since 2013, the Lithuanian music market has seen a steady annual growth of 6.3%.