Spain’s Recorded Music Market Grew 12% in 2022 Amid Streaming Boom – Billboard

Recorded-music income hit an all-time excessive in Spain final 12 months, rising by double digits over 2021, stories Productores de Música de España (Promusicae), the affiliation that represents 95% of the nation’s recording trade.

In 2022, Spain’s recorded music market earned a complete of 462 million euros ($494.5 million), marking a rise of 12.4% over the 411 million euros ($440 million) in income achieved the 12 months prior, Promusicae reported Monday (March 13).

Eighty-seven % of final 12 months’s whole income quantity — or 402 million euros ($429 million) — was generated by music gross sales, up 9.3% from 2021. The digital market accounted for practically 86% of music consumed in Spain final 12 months at 345 million euros ($370 million), 98% of which, or 340 million euros ($364 million), got here from streaming. In the meantime, bodily gross sales, which generated 56 million euros ($60 million) in income, continued to say no regardless of development within the vinyl market.

Within the digital sphere, consumption of each audio and video music streams grew by 13% and 16%, respectively, in comparison with 2021. That interprets to 17 million Spaniards utilizing audio streaming platforms in 2022, with 5.2 million of these listeners holding premium subscriptions — up 18% over the earlier 12 months. Total, practically 36% of the Spanish inhabitants used audio streaming platforms in 2022.

The bodily music market continued to shrink regardless of one other sturdy 12 months for vinyl, which grew 15% and generated 29 million euros ($31 million) in gross sales, in comparison with 26 million euros ($29 million) generated by CD gross sales. In models, extra CDs are nonetheless being purchased than vinyl (2.6 million models in comparison with 1.7 million vinyl information had been shipped in 2022), at the same time as more-expensive vinyl surpassed CDs in income phrases. Rosalía‘s Motomami was Spain’s high vendor on vinyl final 12 months, although Promusicae didn’t present gross sales numbers for the title.

The Promusicae report additionally notes that income from mental property rights has been booming for file labels, growing by 42% final 12 months to 56 million euros ($60 million). The report cautions, nevertheless, that the rise is distorted considerably by a return to regular exercise in sectors like hospitality and nightlife following pandemic-era restrictions.

In the meantime, Spanish-language music additional solidified its dominance within the nation, with Bad Bunny, Rosalía and C. Tangana outpacing Anglo artists like Harry Styles and Taylor Swift in general gross sales (see charts under).

“Closing 2022, sustaining a sustained development within the final 5 years — regardless of the slowdown of the pandemic — is nice information that rewards the hassle, work and funding of the complete recording trade in our nation,” Promusicae president Antonio Guisasola says in an announcement. “It opens a window of hope to succeed in ranges of the earlier decade.” 

Guisasola provides that different European international locations, resembling the UK or Italy, “are reaching nice advantages that redound to the model and tradition of the nation by way of music, and ours can’t be left behind on this extremely aggressive setting during which we’ve got the strategic asset of the Spanish language.”

On the draw back, piracy continues to be an issue in Spain. Promusicae notes that based on the IFPI Partaking With Music 2022 report, 32% of Spaniards use unauthorized or unlicensed strategies to hearken to or obtain music. The share is even increased for people between 16 and 24 years previous, with 49% of that age demographic listening to pirated music.

High 10 albums by income in 2022:

High 10 songs by income in 2022: