The Belgian Sound Recording and Music Publishing Activities sector exhibited significant fluctuations from 2013 to 2023. It experienced a notable rise from €103.3 million in 2013 to €186.0 million in 2018, peaking at €223.6 million in 2019. However, the industry faced a steep decline in 2020, likely due to the pandemic, dropping to €116.8 million. Recovery was gradual, with an average annual growth rate (CAGR) of -2.5% over the last five years, reaching €163.9 million in 2023.
Looking ahead, forecasts indicate stabilization around €163 million from 2024 to 2028, with minimal annual decreases (-0.11% CAGR). Key trends to monitor include digital transformation, streaming services' impact, and technological advancements in music production and distribution.
