Increase In Vinyl Record Sales

On the other hand cds seem to be losing appeal with january june 2020 revenues dropping 47 6 percent to 129 9 million u s.

Increase in vinyl record sales.

Sales of vinyl in 2016 reached a 25 year high as consumers young and old have once again embraced physical formats of music. Retail value of lp ep shipments in the u s. More than 3 2m lps were sold last year a rise of 53 on last year and. That s a 63 increase compared to the previous week s sales.

The analogue format made of polyvinyl chloride had been the main vehicle for the commercial distribution of pop music from the 1950s until the 1980s and 1990s when they were largely replaced by the compact disc cd. Marking the 12th consecutive year of vinyl sales growth 4 3 million lps were sold in the uk during 2019. Our favourite albums of 2019. Uk vinyl sales continued to increase in 2019 reports bpi.

Vinyl sales increased by 55 8 from 2010 to 2011 and then 131 8 from 2011 to 2012. Last year marking a 52 increase over the year before. According to data released last week by nielsen soundscan more than 9 2 million vinyl records were sold in the u s. 26 2019 when 1 243 million copies.

Looking back to 2005 record sales amounted to only 14 million u s. Furthermore there was an 18 5 year over year increase in sales of new vinyl from 2016 to 2017. That 802 000 haul is also the largest week for vinyl album sales since the week ending dec. Vinyl records earned 224 1 million on 8 6 million units in the first half of 2019 closing in on the 247 9 million on 18 6 million units generated by cd sales.

The vinyl revival is the renewed interest and increased sales of vinyl records or gramophone records that has been taking place in the western world since about 2007. Vinyl albums now account for one in every 8 albums purchased in the uk across digital and physical. A 4 1 increase on the previous year.