German recorded revenues grew 12.4% in first half of 2021


German industry body BVMI has published figures for recorded music there in the first half of 2021. Revenues grew by 12.4% year-on-year to €903.8m (around $1.06bn), with streaming up by 19.9% to account for 70.6% of the market.

It’s not so long since Germany was thought of as one of the last markets still dominated by physical sales, so the stats are a reminder of how quickly it has evolved in recent years. CD sales fell by 16.4% in Germany in the first half of this year while vinyl sales grew by 49.5%, although the former format still has the upper hand with a 14.5% market share compared to 5.9%.

For more on the German market, read our latest country profile, which was published in May and included an interview with BVMI boss Dr Florian Drücke.

Written by: Stuart Dredge