UK Recorded Music Market Grows 9.7% in 2024, Physical Sales Show Signs of Recovery
The UK recorded music market grew by 9.7% in 2024, reaching 201 million albums, with streaming hitting a record high of nearly 200 billion audio streams, according to BPI data.
Turntable playing vinyl record
Key Findings:
- Women dominated the Official Singles Chart for 34 weeks
- Physical music sales grew for the first time in 20 years
- Vinyl sales increased for the 17th consecutive year
- CD sales remained stable compared to 2023
- Streaming accounts for 88.8% of music consumption (up from 87.7% in 2023)
- First-ever 4 billion+ audio streams in a single week (May 2024)
Notable UK Chart Success: Over 20 British acts topped the Official Album Chart, including The Last Dinner Party, Dua Lipa, Charli XCX, and Coldplay. The market faced increased competition from the US, South Korea, and Latin America.
Top Albums 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 2024:
- Noah Kahan — "Stick Season"
- Sabrina Carpenter — "Espresso"
- Benson Boone — "Beautiful Things"
- Teddy Swims — "Lose Control"
- Hozier — "Too Sweet"
Drake performing onstage with mic
Neon Boiler Room sign
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