In 2023, Germany led the European sound recording and music publishing market with notable turnover, followed by the United Kingdom and France. Countries like Spain and Switzerland saw strong year-on-year growth rates, indicating expanding markets. Conversely, Ireland, Poland, and Cyprus experienced declines, with Cyprus facing a significant drop. Smaller markets like Macedonia and Bosnia witnessed robust increases, showcasing potential for future growth despite their current minor shares. Future trends to consider include digital streaming innovations driving growth, potential market recoveries in declining economies, and the expansion of local music industries amidst lingering challenges in the European market landscape.
Top countries in Turnover of Sound Recording and Music Publishing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.22 | 2023 | +4.38% | +4.1% | View data |
| 2 | 2 United Kingdom | 29.9 | 2023 | +3.09% | +3.81% | View data |
| 3 | 3 France | 7.1 | 2023 | +5.26% | +4.6% | View data |
| 4 | 4 Sweden | 5.47 | 2023 | +1.71% | +2.21% | View data |
| 5 | 5 Netherlands | 4.21 | 2023 | +4.86% | +1.74% | View data |
| 6 | 6 Spain | 3.5 | 2023 | +4.74% | +6.32% | View data |
| 7 | 7 Italy | 3.05 | 2023 | -0.13% | +1.17% | View data |
| 8 | 8 Norway | 2.03 | 2023 | +3.82% | +4.57% | View data |
| 9 | 9 Belgium | 1.38 | 2023 | +10.32% | -2.06% | View data |
| 10 | 10 Austria | 1.31 | 2023 | +6.17% | +1.5% | View data |
