Between 2013 and 2023, Poland’s sound recording and music publishing industry saw fluctuating growth, peaking at €173.6 million in 2018 but experiencing a downward trend from 2019 to 2023. In 2023, the industry stood at €145.5 million, reflecting a continuous decline over the last two years with a year-on-year change of -2.87% in 2022 and -2.41% in 2023. The five-year CAGR leading up to 2023 was -3.47%, indicating an average annual decrease.
Forecasts suggest a continued slight decline, with a projected five-year CAGR of -0.97% from 2024 to 2028. The forecasted production value is expected to decrease to €135.8 million by 2028.
Future trends to watch for include:
- Digital transformation and streaming services impact.
- Emerging independent music platforms.
- Potential changes in consumer behavior post-pandemic.
