A record 159 billion music tracks were streamed in the United Kingdom last year, up 8.2% on 2021 and more than double the volume of audio streams registered five years ago, according to year-end figures from labels trade body BPI.
Vinyl now represents just under one third of all physical music sales in the U.K., while CD sales fell 19.3% year-on-year to 11.6 million units and cassettes climbed 5.2% to 195,000 units. The CD’s share of the U.K. physical market now stands at about 67%, while tapes account for 1.1%, up from 0.9% in 2021.
Five years ago, streaming accounted for just over 50% of the British market. In line with the year-on-year increase in music streaming, digital download sales fell 18.9% year-on-year to 3.7 million in 2022. BPI’s preliminary year-end report, published Wednesday , doesn’t include financial sales data. Instead, it uses Official Charts Company data to measure U.K. music consumption in terms of volume. The London-based organization will publish its full year-end report, including recorded music revenues, later this year. Another British trade body, the Entertainment Retailers Association , is due to report on annual music retail spending later this month.
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