Industry Finances
| Year | Record sales |
US Shipment Value | US Physical Shipment Value | |||||
|---|---|---|---|---|---|---|---|---|
| Worldwide | US | |||||||
| 1999 | 14,584.5 | 13,048.0 | ||||||
| 2000 | 36.9 | 14.0 | 14,323.0 | 1.79% | 12,705.0 | 2.63% | ||
| 2001 | 33.7 | 8.7% | 13.4 | 4.3% | 13,740.9 | 4.06% | 12,388.8 | 2.49% |
| 2002 | 32.2 | 4.5% | 12.6 | 6.0% | 12,614.2 | 8.20% | 11,549.0 | 6.78% |
| 2003 | 32.0 | 0.6% | 11.8 | 6.3% | 11,854.4 | 6.02% | 11,053.4 | 4.29% |
| 2004 | 33.6 | 5.0% | 12.2 | 3.4% | 12,345.0 | 4.14% | 11,423.0 | 3.34% |
| 2005 | 33.5 | 0.3% | 12.3 | 0.8% | 12,296.9 | 0.39% | 10,477.5 | 8.28% |
| 2006 | 31.8 | 5.1% | 11.5 | 6.5% | 11,758.2 | 4.38% | 9,269.7 | 11.53% |
| 2007 | 29.9 | 6.0% | 10.4 | 9.6% | 10,372.1 | 11.79% | 7,495.3 | 19.14% |
| 2008 | 8,768.4 | 15.46% | 5,474.3 | 26.96% | ||||
| 2009 | 6.3 | 7,683.9 | 12.37% | 4,376.1 | 20.06% | |||
| 2010 | 6,995.0 | 8.97% | 3,438.7 | 23.48% | ||||
| 2011 | 7,007.7 | 0.18% | 3,170.9 | 5.31% | ||||
| Total for period (adj. for inflation) |
19.0% ( 32.1% ) |
25.7% ( 37.7% ) |
52.0% ( ? ) |
75.70% | ||||
- Record sales
- Table is a meta-analysis of eight IFPI annual reports
- In 2008, 123m physical albums were sold in the UK, compared with 131m in 2007 and 151m in 2006. At an average price of £7.72, CDs were more than 25% cheaper in 2008 than in 2000.
- Manufacture Shipments
- The figures below (in millions) indicate the overall size of the U.S. sound recording industry based on manufacturers' shipments at suggested list prices.
- Record stores
- The transition from CDs to digital downloads has been shrinking the record industry most of the decade, leading to mass layoffs, and artist-roster cuts at major labels. In the USA the number of sold CDs dropped from 942.5 thousands in 2000 to 240.8 thousands in 2011. Approximately 2,680 record stores closed in the U.S. between 2005 and early 2009. In the UK, all the national specialist music retailers have collapsed except for HMV, a variety retailer that was once the UK's largest music retailer.
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumers purchasing at record stores | 44.5 | 42.4 | 42.5 | 36.8 | 33.2 | 32.5 | 39.4 | 35.4 | 31.1 | 30.0 | % |
Read more about this topic: 2000s In The Music Industry
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