Australia may be one of the most fiercely competitive markets in the world for digital music, but it’s also one of the countries suffering most still from a decline in physical sales. Recorded music revenues dipped 11.6% to AU$351.6m ($313m) in 2013, with CD sales diving 26.6% to AU$141.7m as part of that. Figures from industry body ARIA show digital sales rising just 4.3% to AU$192m in 2013, meaning that digital accounted for 54.7% of overall revenues. Out of that, streaming income nearly doubled to AU$20.9m, but still only accounts for 5.9% of the market. The 11.6% overall drop is quite a comedown from Australia’s 4% rise in 2012, but ARIA is putting a brave face on the figures. “The way that music is discovered and enjoyed by fans continues to evolve, and as the industry continues to transform itself, the sales trajectory will not always be a straight line,” said CEO Dan Rosen. “We have seen in other territories around the world that as streaming services gain momentum, strong market growth has followed.”
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