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Wednesday, March 22, 2023

IFPI'S TOP 10 GLOBAL MARKETS BY REVENUE

Included in IFPI's 2022 Global Music Report was an updated ranking of the Top 10 markets by revenue. China has become the fifth-biggest market, and Brazil has cracked the Top 10.

China's 28.4% growth is attributed to the adoption of subscription streaming platforms. Japan, the world's second-biggest market after the U.S., is among the bestselling regions in CD sales. Asia represents 50% of the world's physical revenue.

Latin America saw 25.9% growth in revenue, with its biggest markets, Brazil and Mexico, up 15.4% and 24.3%, respectively.

TAGS: IFPI | Global Music Report | China | Brazil | Latin | Mexico | USA | revenue | streaming | growth
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