Sweden's pre-recorded music market continued to decline in 2004.
Sweden's pre-recorded music market continued to decline in 2004. The value of shipments fell 17.4% from 2003 to 1.1 billion kronor ($160.2 million). Volume of shipments declined 18.6% to 20 million units, according to figures published today (Jan. 14) by GLF, the Stockholm-based affiliate of the IFPI.
Album sales slipped 17% in both value and volume, to 1 billion kronor ($148.1 million) and 17.9 million units. Music DVD fell 14% to 61.6 million kronor ($9.0 million), for volume down 9.9% to 715,900 units.
The singles format showed the biggest decline, falling 37.3% in value to 18.8 million kronor ($2.8 million) and 37.6% in volume to 1.3 million units.
Local repertoire had a strong showing. Thanks to recordings from Roxette's Per Gessle and Marie Fredriksson and ABBA's Agnetha Fältskog and Benny Andersson, Swedish repertoire rose to a record 40% share of market volume. The previous high of 37% was set in 2003.
Gyllene Tider's "Finn 5 Fel!" (EMI) was the No. 1 album in shipments for 2004, says GLF. Swedish acts accounted for eight of the top 10 for both singles and albums. The only foreign acts to appear among the top 10 albums were U2 and Norah Jones. Likewise, Haiducii and Britney Spears were the only non-local acts to appear among the top 10 singles.