Spain’s recorded music business drops to just €120m in 2013

Sales of recorded music fell again in Spain in 2013 for the 12 year row.

A total of 119.8 million euros were spent on music by Spaniards in the year, a drop of 15.1% compared to 2012, when it hit 141 million – according to stats from Promusicae.

The small amount of total retail revenues are all the more shocking when you consider that Spain’s recorded music industry closed 2001 with a record income of €626 million.

That equates to a cumulative decrease in turnover of 80.9%.

The below charts show the savage decline in Spain’s music income, and the split of physical and digital sales.

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[Pictured: Avicii, whose Wake Me Up was No.1 on the Promusicae singles chart for eight weeks in 2013]Music Business Worldwide

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