* UK acts account for over 1 in 7 of albums sold world-wide in 2014
* 5 of top 10 best-selling artist albums globally are by home-grown talent
* UK albums and singles generate approx. $2.75 billion in world sales in 2014
Global sales survey revealed in BPI’s Music Market 2015 yearbook – a comprehensive guide to the 2014 music year in numbers, with detailed analysis & commentary on market trends shows the UK is still dominating the world sales market.
UK artists accounted for 13.7 per cent of artist albums sold around the world.The global retail value of British recorded music is estimated at around $2.75 billion in 2014. British artists dominated at home with over half of all UK Official Chart album sales (53.5 per cent) and enjoyed major share gains in key global markets, including the US, Canada, Australia, Italy and Sweden
BPI’s Music Market 2015 also reveals that streaming doubled in 2014, while compilation album sales rose a third successive year. The rate of decline in CD sales slowed and vinyl enjoyed a 20-year high, reflecting an emerging ‘multi-channel’ dynamic.