The United Kingdom leads Europe in sound recording and music publishing with a production value of 33.48 million Euros in 2023, followed by Germany and France, at 24.04 and 11.19 million Euros, respectively. Notable positive year-on-year variations include Portugal at 11.77% and Iceland at 9.6%. Conversely, Cyprus saw a dramatic drop of 24.21%. The sector is experiencing mixed growth, with the largest markets maintaining strength and smaller countries displaying volatility.
Future trends to watch involve digital transformation and innovation within the industry. As streaming continues to dominate, countries leading in technology, such as Sweden, are likely to see rapid increases in production value.
Top countries in Production Value of Sound Recording and Music Publishing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 33.48 | 2023 | +3.27% | +4.11% | View data |
| 2 | 2 Germany | 24.04 | 2023 | +3.93% | +1.66% | View data |
| 3 | 3 France | 11.19 | 2023 | +9.38% | +7.3% | View data |
| 4 | 4 Sweden | 6.28 | 2023 | +2.4% | +2.66% | View data |
| 5 | 5 Netherlands | 4.64 | 2023 | +5.18% | +2.4% | View data |
| 6 | 6 Italy | 3.35 | 2023 | -0.21% | +2.19% | View data |
| 7 | 7 Spain | 2.73 | 2023 | +1.39% | +2.61% | View data |
| 8 | 8 Norway | 2.2 | 2023 | +3.86% | +4.58% | View data |
| 9 | 9 Denmark | 1.61 | 2023 | +4.03% | +4.01% | View data |
| 10 | 10 Belgium | 1.46 | 2023 | +10.22% | -2.5% | View data |
