ARIA releases Australian recorded music industry figures for 2020

aria 2020

• It is the sixth straight year of growth for the recorded music industry

The Australian recorded music market grew by 7.3% in 2020 according to new wholesale figures released today by the Australian Recording Industry Association (ARIA). The growth was driven by a rise in revenue from streaming services and vinyl, which offset a drop in revenue for digital downloads and CD sales. 

It is the sixth straight year of growth for the recorded music industry which now generates $542 million in revenue per annum.

Vinyl albums saw a 32% rise year on year and now make up 5.4% of the music market. CD wholesale figures show a drop of 17% year on year and now make up 5.6% of total revenue.

Streaming services saw a rise of 14% year on year and make up 82.3% of the total market in 2020 across all services, including subscriptions, ad supported models and video services, down from growth of 30% in 2019. Digital sales were once again down, decreasing 27% year on year to 6.0% of the total market in 2020.

The growth in the recorded music market reflects the important role that music played for Australians going through a very challenging year with numerous lockdowns and widespread uncertainty due to Covid-19. Despite the growth in recorded music, it has been a very challenging year for the music industry as a whole with live music shut down in March 2020 and still running well below capacity.  

Key highlights from the 2020 results:

• Vinyl is $1m short of overtaking CD in wholesale revenue and is projected to overtake CD value in 2021.
• 2020 marks six consecutive years of growth in recorded music revenue.
• The growth in the Australian music revenue is in line with the 7.4% global growth announced by IFPI.

To see the full list of 2020 statistics, visit the ARIA website.

Subscribe to the Mediaweek Morning Report with the form below.

Most Popular

To Top