The Swedish market for pre-recorded music in 2005 decreased in value by 8.9% to 996.4 million kronor ($128.5 million) compared with the previous year, according to trade body GLF. At the same time, th
The Swedish market for pre-recorded music in 2005 decreased in value by 8.9% to 996.4 million kronor ($128.5 million) compared with the previous year, according to trade body GLF. At the same time, the market dropped 7.1% in volume to 18.6 million units.
CD album shipments fell 9.7% in value to 914.4 million kronor ($117.9 million), with volume down 5.7% to 16.8 million units. Singles fell 9% in value to 17.1 million kronor ($2.2 million), with volume falling 14.4% to 1.1 million units.
Music-related DVD shipments dropped 30.4% in value to 42.9 million kronor ($5.5 million), and sank 23.8% in volume to 545,000 units.
On a positive note, digital music sales accounted for sales of 21.1 million kronor ($2.72 million) in 2005, the first full-year that digitally-distributed music sales have been tracked by GLF, the Stockholm-based affiliate of the IFPI. The digital music sector registered a rise of approximately 300% in value in the second half of 2005 compared to the first half.
Domestic repertoire continues to have a strong impact on the local market. Sales of albums and singles by Swedish acts accounted for a record 41% share of overall value, up from 39% in 2004.
Seven of the year-end top 10 selling singles and six of the top 10 selling albums were by Swedish acts, led by "Idol" winner Agnes' single "Right Here Right Now" (Columbia) and Kent's album "Du och jag döden" (RCA) respectively.
Moreover, the month of December showed a 20% increase in value when compared with the same month in 2004, GLF notes. Ludvig Werner, chairman of the trade body, confirmed that it marked only the second monthly sales rise in the past 36 months -- the only other period being August 2005.
Werner explains that the December rise was likely due to "so many attractive local and international artists being released leading up to Christmas."