
Music sales in Australia 2010-2015, by genre
Physical and digital sales
In the same year, digital format music sales in Australia were valued at around 415 million Australian dollars and physical formats at around 177 million Australian dollars. Digital sales have increased year on year in value, reaching 649 million Australian dollars in 2018, with growth expected to continue to 2022, when digital sales are predicted to be worth around 9.5 billion Australian dollars.
The opposite is true for physical formats, despite the resurgence of the vinyl market in recent years. Sales of physical formats declined to 135 million Australian dollars in 2017, and this is predicted to reduce even further to around 58 million Australian dollars by 2022.
Total market size of the music industry
2015 saw a total music industry value of 1.31 billion Australian dollars. Since that year, the industry has recognized continued year on year upward growth, with a value that is predicted to reach around 1.79 billion Australian dollars by 2022.