From 2013 to 2023, the retail turnover for music and video recordings in specialized stores in Austria has shown significant fluctuations. Peaking in 2015 with a substantial year-on-year growth of 23.99%, the market experienced a decline thereafter, particularly in 2017 and 2018, with reductions of 16.41% and 17.09% respectively. The lowest turnover was recorded in 2020 with a significant drop of 26.18%, likely influenced by the COVID-19 pandemic. Between 2021 and 2023, the market displayed a recovery trend, notably rising by 18.6% and 9.31% in 2021 and 2022 respectively. The value in 2023 stood at 23.7 million Euros, showcasing a year-on-year increase of 6.28% and a CAGR of 0.78% over the last 5 years.

Future trends to watch for:

Stabilization of retail turnover around 23.8 to 23.9 million Euros from 2024 to 2028.
A forecasted 5-year CAGR of 0.17%, indicating a period of modest growth.
Potential impacts of digitalization on retail turnover in specialized stores.
Shifting consumer preferences towards digital formats over physical media.