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Music sales in Spain increase for the first time since 2001, driven by streaming services

music sales spain 2014
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Written by Jaime Novoa

After more than 14 years of steady decline, music sales in Spain increased in 2014. Streaming services like Spotify or Deezer were the main drivers of this growth.

music industry spain 2014

Music sales in Spain increased for the first time since 2001. Promusicae, the association that groups a big chunk of the local music industry, published its 2014 report yesterday, showing the first ever uplift since the sector peaked in 2001 at €626 million.

As the graph below shows, music sales in Spain have been on a steady decline since then, and the industry is now five times smaller than at the beginning of the previous decade.

music industry spain 2014

Total music sales surged by +26%, mostly driven by digital (€63 million, +31% compared to 2013) and more specifically, streaming services (€47 million, +36% YoY).

The increasing importante of streaming services like Spotify, Deezer and others has been quite clear over the past few years, as the two charts below highlight.

music industry sales spain 2014

music industry spain 2014

These services currently account for 75% of all digital sales and 31% of total music sales (physical + digital). On the other hand, the relevance of music downloads is continuously dropping and in 2014 it represented less than a quarter of all digital sales.

music industry spain 2014

Although these numbers and trends might not seem to have a direct impact on the local startup ecosystem, they do represent the first big change -an increase- in music consumption in almost 15 years, which could also translate to other forms of entertainment as years go by.

The future is digital, and it’s only a matter of time that digital music sales surpass those in physical formats.

Photo | Mike Foster

About the author

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Jaime Novoa

Jaime Novoa is the Founder of Novobrief.

He is a technology writer turned investor at Madrid's K Fund. He was also a data analyst at Tech.eu.