Overall recorded music sales in Sweden in 2012 showed an increase of 14%, with 90% of all digital income coming from streaming services.
Sweden, the home of Spotify, saw overall recorded music income rise from just over SEK 829 million (£79.82m) in sales in 2011 to over SEK 943 million (£90.8m) in 2012, according to the Swedish Recording Industry Association (GLF).
Digital sales continue to increase and now account for 63% of total music sales, up by 12% compared to last year. A total of 90% of these digital sales come from streamed music services (82% in 2011) while 10% are from other internet services (18% in 2011).
Ludvig Werner, CEO, International Federation of the Phonographic Industry (IFPI) Sweden said:
“It’s very pleasing to see that 2012 was the best year for music sales since 2005. This is a clear sign that more consumers are paying for their music consumption than for some time. Now everyone can consume music legally in whatever way they choose: streamed, downloaded or on CD.
"We hope that a recovering market for music will encourage artists and music companies to release more music and that in turn our entrepreneurs will create even more and better services for music consumption.”
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(All the numbers below represent thousands):
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KEY STATS
- Album sales account for 35 percent of total music sales. Sales of physical albums decreased by 15 percent in 2012.
- Of the total music sales, 40 percent are Swedish performers and 60 percent are international performers.
- Vinyl sales increased by 59 percent in 2012 but still represent just 1.4 percent of total music sales.
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