UK Music Market Grows 9.7% in 2024, with Physical Sales Making Historic Recovery
The UK recorded music market grew by 9.7% in 2024, reaching 201 million albums, with streaming achieving a record-breaking 199.6 billion audio streams, according to BPI data.
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Key findings from 2024:
- Streaming accounted for 88.8% of music consumption (up from 87.7% in 2023)
- First-ever 4 billion audio streams recorded in a single week (May 2024)
- Women dominated the Official Singles Chart for 34 weeks
- Female artists claimed 50% of the year's Top 20 albums
- Physical music sales showed positive growth for the first time in 20 years
- Vinyl album sales increased for the 17th consecutive year
- CD sales remained stable compared to 2023
Over 20 British artists topped the Official Album Chart, including The Last Dinner Party, Dua Lipa, Charli XCX, and Coldplay. The UK market faced increased competition from the US, South Korea, and Latin America, with these regions seeing significant growth due to government support.
Top Albums of 2024:
- Taylor Swift - The Tortured Poets Department
- The Weeknd - The Highlights
- Sabrina Carpenter - Short N' Sweet
- Noah Kahan - Stick Season
- Billie Eilish - Hit Me Hard And Soft
Most-Streamed Tracks of 2024:
- Noah Kahan - "Stick Season"
- Sabrina Carpenter - "Espresso"
- Benson Boone - "Beautiful Things"
- Teddy Swims - "Lose Control"
- Hozier - "Too Sweet"
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