The Resurgence of Vinyl in Seven Graphics: A Breakdown
The new charts reflect Britain’s “renewed interest in music on vinyl,” according to the OCC, which is jointly owned by labels body the BPI and retail trade group ERA. Britons’ love of the vinyl format shows “little sign of slowing,” the charts company adds.
Indeed, vinyl sales in the United Kingdom last year cracked the 1 million mark for the first time since the mid-nineties. By year’s end, more than 1.28 million vinyl LPs were sold across the U.K., a figure which hadn’t been reached since 1995 when 1.41 million LPs were sold.
“With vinyl album sales up by almost 70% already this year, vinyl junkies could well have snapped up 2 million units by the end of this year -- an extraordinary number, if you consider sales were one-tenth of that just six years ago,” notes OCC managing director Martin Talbot in a statement. “This growth underlines the continuing resurgence of this much-loved format, whether you’re a fan of Arctic Monkeys, Noel Gallagher, Led Zeppelin or David Bowie.”
The True Story of How Vinyl Spun Its Way Back From Near-Extinction
Despite vinyl sales enjoying a fivefold increase in the years from 2009 to 2014, the format is still very much a niche product and last year accounted for roughly 2% of the U.K.’s recorded music market. Streaming, by comparison, grabbed a 10% market share.
The U.K.’s vinyl market last year was worth about £20 million ($31 million), well up from barely £3 million ($4.7 million) registered in 2009.
The new vinyl charts will be published each week on Sundays at 7pm GMT at OfficialCharts.com
The announcement comes ahead of the IFPI’s Tuesday release of its Digital Music Report, the recording industry's annual wrap-up of the year in music, and the performances of each market and format.