According to the Year-End Music Industry Revenue Report from the Recording Industry Association of America (RIAA), CD sales fell 34% in 2018, to $698 million (all figures USD).
In the US, CD sales are falling off a cliff. However, CD sales continue to grow in some Asian markets, including India and South Korea, and still account for a huge chunk of music-industry revenues in Japan, Germany, and Poland. So based on a little back-of-the-envelope math, it looks like global CD sales declined by around 12% last year.
Vinyl sales grew 6%, and now account for 3.6% of worldwide music-industry revenues. According to the 2019 Global Music Report from the International Federation of the Phonographic Industry (IFPI), worldwide sales of physical media declined 10.1% in 2018. Is the Compact Disc on its deathbed? Not yet, but there’s cause for concern.
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