The retail turnover for music and video recordings in specialized stores in Finland has demonstrated a consistent decline over the years, with values dropping from 14.6 million euros in 2013 to 11.3 million euros in 2023. The decline has been marked by significant year-on-year variations such as the sharp -19.02% drop in 2020 and the partial recovery with a 17.47% increase in 2021. Recent trends show further decreases, with -1.71% and -1.74% reductions in 2022 and 2023, respectively. The Compound Annual Growth Rate (CAGR) over the last five years stands at -1.19%, indicating a slow but steady downward trend.

Future trends to watch for:

The forecast suggests continued decline with a CAGR of -1.81% from 2024 to 2028.
Potential shifts towards digital formats and streaming services could further impact physical store sales.
Economic factors and consumer preferences will play a crucial role in determining the pace of decline.
Innovation in retail strategies and adoption of omnichannel approaches might help mitigate losses.