This morning (20 July) the BPI printed a brand new report revealing the expansion of British music exports in 2021. The report from the commerce physique for unbiased and main document labels reveals that British music exports soared 13.7% final 12 months to a brand new annual excessive of £590.8 million, the very best quantity because the BPI started its annual survey in 2000.
Based on the report, artists together with Adele, Dua Lipa, Dave, Ed Sheeran, PinkPantheress, Glass Animals and Rex Orange County are simply among the names that contributed to the brand new achievement, after a document variety of UK artists achieved over 100 million international streams in 2021. Slightly below 400 UK artists gained over 100 million streams final 12 months, in comparison with the 300 artists in 2020. Over 600 UK artists handed 50 million audio streams, and greater than 1,500 UK artists reached 10 million audio streams worldwide.
BPI evaluation reveals British recorded music exports grew by 13.7% to a brand new annual excessive of £590.8 mil in 2021.
The very best complete since BPI started the survey in 2000, the double-digit development was propelled by labels driving streaming success.
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— BPI (@bpi_music) July 20, 2022
The BPI’s survey additionally revealed that the consumption of British music by way of bodily and digital obtain gross sales, streams and extra elevated in each area the world over. In Europe British music consumption was up 17.6%, in North America it elevated by 11% and in Asia it grew by 11.1%.
Geoff Taylor, Chief Government BPI, BRIT Awards and Mercury Prize mentioned, “These record-breaking figures as soon as once more spotlight the extraordinary recognition of British music internationally. This isn’t nearly our much-loved superstars, however new artists and bands from all around the UK who, with their label’s funding and experience, are in a position to efficiently navigate the aggressive streaming panorama.”
“Latest market estimates recommend the worldwide recorded music business might double in dimension by 2030, which means there’s ample alternative for extra artists to realize worldwide success and for music to ship for UK PLC,” Taylor added. “However continued success isn’t assured, as competitors will increase from worldwide markets, making it tougher to chop by way of and placing strain on our international market share. The Music Exports Development Scheme supplies important funding to assist unbiased labels and artists develop their companies abroad, and with sustained help from Authorities, British music will proceed to thrive all around the globe.”
Learn the complete report at bpi.co.uk.
