British music exports soared 13.7% to a high of £590.8 million ($709 million) in 2021, the highest total on record, per the latest analysis from British Phonographic Industry (BPI), the trade body …
, and several emerging artists, including Glass Animals, PinkPantheress and Rex Orange County. More than 600 U.K. artists achieved at least 50 million audio streams, while over 1,500 surpassed 10 million audio streams.
However, the U.K.’s share of the global market is under pressure from established markets that are consolidating their share of the world market, such as the U.S. and Europe, and from fast-growing domestic music markets that are achieving greater international success such as Latin America and South Korea, the analysis notes.
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