In 2024, Germany leads Europe in sound recording and music publishing, recording a turnover of 4.05 billion euros, followed by the United Kingdom at 3.64 billion. France, Sweden, and the Netherlands follow, with turnovers of 0.8642 billion, 0.6667 billion, and 0.5131 billion euros respectively. Countries such as Spain and Italy also contribute significantly, with figures of 0.4265 billion and 0.3717 billion euros. Notably, smaller countries like Cyprus, Bosnia and Herzegovina, and Luxembourg report turnovers below 0.01 billion euros.
From 2023 to 2024, notable year-on-year variations include Spain (+6.32%), Portugal (+9.59%), and Czech Republic (+7.23%), highlighting a growing trend in these markets. Conversely, Greece (-12.2%), Poland (-4.54%), and Belgium (-2.06%) show negative growth. The overall five-year CAGR indicates an average annual growth rate, with significant variances across countries:
Future trends to watch for in the European turnover of sound recording and music publishing include digital transformation through streaming services, the impact of regulatory changes, and economic shifts affecting disposable income. Emerging markets in Eastern Europe and advancements in AI-driven music production are also expected to influence market dynamics significantly.
Top countries in Turnover of Sound Recording and Music Publishing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,050 | 2023 | +4.38% | +4.1% | View data |
| 2 | 2 United Kingdom | 3,640 | 2023 | +3.09% | +3.81% | View data |
| 3 | 3 France | 864.2 | 2023 | +5.26% | +4.6% | View data |
| 4 | 4 Sweden | 666.7 | 2023 | +1.71% | +2.21% | View data |
| 5 | 5 Netherlands | 513.1 | 2023 | +4.86% | +1.74% | View data |
| 6 | 6 Spain | 426.5 | 2023 | +4.74% | +6.32% | View data |
| 7 | 7 Italy | 371.7 | 2023 | -0.13% | +1.17% | View data |
| 8 | 8 Norway | 247.6 | 2023 | +3.82% | +4.57% | View data |
| 9 | 9 Belgium | 167.9 | 2023 | +10.32% | -2.06% | View data |
| 10 | 10 Austria | 160.1 | 2023 | +6.17% | +1.5% | View data |
