Key Market Indicators
Albanian music expenditure is projected to climb to approximately €1.8 billion by 2028, marking an increase from around €1.5 billion in 2023. This growth represents an average annual increase of 2%. However, despite this upward trend, Albanian demand for music has seen a decline of 2.2% annually since 2001. As of 2023, Albania ranked 30th in global music expenditure. Iceland surpassed Albania with an expenditure of €1.5 billion. Leading the rankings were Germany, France, and Italy, occupying the second, third, and fourth positions respectively.
