THE ability of fans to discover and enjoy the music they love has never been greater – with classic and new albums on vinyl, CD, download and cassette formats complementing the availability of more than 70 million songs available on streaming services.
UK labels, including hundreds of smaller independents around the country, draw on the passion and knowledge of artists and employees to create this choice for fans and invest hundreds of millions annually into a diverse range of new and established talent across genres, promoting their new music with 24/7 global marketing.
Vinyl purchases at their highest level in over three decades
With just a few days to go to the end of 2021, over five million LPs have already been purchased over the past 12 months – a jump of eight per cent or higher on 2020 and a 14th consecutive year of growth since the format’s low point in 2007.
Vinyl will have accounted for nearly a quarter of 2021 album purchases (predicted 23 per cent), estimated to be at its highest level since 1990, when Phil Collins’ But Seriously was the biggest-selling title.
More than 100 album titles sold over 5,000 copies on vinyl LP in 2021 (a great many selling over 2,000 copies during the week of release), while more than 900 titles sold over 1,000 copies on LP. The title with the biggest first-week sales was ABBA’s Voyage (29,891) – the fastest seller on vinyl this century according to Official Charts.
Among the albums expected to be announced as the year’s best sellers by the Official Charts are classic LPs by iconic artists such as Back To Black by Amy Winehouse (reissued to coincide with National Album Day to mark its 15th anniversary) and Rumours by Fleetwood Mac as well as major 2021 releases including ABBA’s Voyage, Adele’s 30, Sam Fender’s Seventeen Going Under, Ed Sheeran’s = and Wolf Alice’s Blue Weekend.
Vinyl sales powered through 2021 via a hybrid of high street and online sales, as independent stores and specialist chains such as HMV again stepped up their offer in
a challenging retail environment, supported by events such as National Album Day, Record Store Day, The Record Club and Tim’s Twitter Listening Parties.
Geoff Taylor, chief executive, BPI, BRIT Awards and Mercury Prize, said: “It’s a great time to be a music fan, with wider choice on offer than ever before, supported by great value.
“Thanks to record label investment into new music and talent, fans can purchase and collect the music they most love on vinyl, CD and even cassette, whilst also enjoying access to over 70 million songs to stream instantly whenever and how often they want, in turn enabling a new generation of artists to create music and sustain successful careers in a global market.”
The BPI will report its final music consumption figures, including 2021 streaming data, on January 4th 2022.
Predicted best-selling vinyl albums for 2021 (Based on YTD Official Charts data)
1. ABBA – Voyage
2. Adele – 30
3. Fleetwood Mac – Rumours
4. Ed Sheeran – =
5. Amy Winehouse – Back To Black
Rate of decline in CD slows
Compact disc has been showing a decline in demand for 17 years now, as fans first began switching to downloads in the Noughties and for over ten years have had access to music via streaming services. The drop-off in CD sales has reduced from 27 per cent annually between 2018 – 2020 to just a predicted 12 per cent in 2021, with sales boosted by CD-friendly releases from superstar artists such as Adele, Ed Sheeran and ABBA.
This suggests that reducing demand for the format, which is nearing its 40th anniversary, may be bottoming out thanks to a core group of baby-boomer and newer fans that remain committed to the audio format.
Cassette revival grows – ninth year of consecutive growth
Though still just a fraction of overall UK recorded music consumption, and often released in limited edition format, cassettes now come as standard on many album releases. Final figures for 2021 are likely to show that around 190,000 tapes were purchased in the past 12 months – up by around a fifth (20 per cent) on the year and the highest amount since 2003, when 243,000 tapes were sold and Now 54 was the year’s biggest seller on the format.
This marks a ninth year of consecutive growth for the format, which is finding a new market among music enthusiasts of all ages who value its retro, collectable appeal.
Among the most popular titles released on cassette in 2021 were Olivia Rodrigo’s Sour, Dave’s We’re All Alone In This Together and Coldplay’s Music of the Spheres.
Predicted best-selling cassette albums for 2021 (Based on YTD Official Charts data)
1. Olivia Rodrigo – Sour
2. Dave – We’re All Alone In This Together
3. Lana Del Rey – Chemtrails Over The Country Club
4. Queen – Greatest Hits
5. Coldplay – Music of the Spheres
Releases on physical format play essential ‘kingmaker’ role in shaping No.1 Official Album Chart success
More often than not, having an album available on physical formats plays a pivotal role in artists being able to achieve No.1 albums in the Official Albums Chart. In 2021, to date, in 40 of the 52 weeks of the year the album that topped the Charts did so thanks to combined CD, vinyl and cassette purchases accounting for over half the album’s consumption in the week that it got to No.1 – a trend exemplified by Adele’s album, 30, which in its first five weeks of release saw 75 per cent of its chart sales attributable to physical format purchases.
Overall, over 240 album titles were purchased more than 10,000 times during the past
year across all physical formats (vinyl, CD and cassette).
Drew Hill, MD Proper Music Distribution, said: “It’s been an incredible year for CDs, vinyl and cassettes as they continued to drive albums up the charts. This year, nearly 90 per cent of unique #1 albums hit the top spot off the back of a physical sales majority, with some hugely impressive numbers from the likes of Adele, whose new album maintained its chart lead with an increasing physical majority share, and ABBA, who claimed the title of fastest-selling vinyl of the century. It’s further proof that in this golden era of choice, music fans really cherish an album they can hold!”
ENDS
Please note, the figures reported are not yet final and will be confirmed on 4th January 2022, when the BPI publishes its music consumption report for 2021.
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