The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI).
As all financial data is given in US dollars, annual rates of change for all countries other than the United States are heavily influenced by exchange rate fluctuations, as well as by actual changes in revenue in local currency terms.
The United States has remained the biggest market for recorded music in IFPI history, except in 2010 when Japan topped the list.
The largest Asian music market, Japan has always[vague] stayed within the top two.
The other largest music markets by region include the United Kingdom in Europe, Australia in Oceania, and Brazil in South America.
Other countries historically having appeared in the top ten include Italy, Netherlands, South Korea, Spain, China, Russia, and Mexico.
Source: Figures within the table are based on IFPI Global Music Report 2024.
[2] Source: Figures within the table are based on IFPI Global Music Report 2023.
[9] Source: Figures within the table are based on IFPI Global Music Report 2022.