Finnish music exports continued to grow in 2024, reaching 149.8 million euros in total value. Compared to the previous year, this represents growth of approximately 8 percent. The figures are based on Music Finland’s annual study on the value of Finnish music exports.
Growth in the core areas of Finnish music export in 2024 was driven especially by live music exports and copyright revenues from abroad. Live music remained the largest of these areas, generating 10.1 million euros in revenue for Finland. In 2024, export revenue from recordings amounted to 8.1 million euros, while copyright income from abroad grew significantly and reached 8.5 million euros. Other export revenues from the music industry totaled approximately 1.6 million euros. Overall, exports from these core areas generated 28.3 million euros, representing 9 percent growth compared to the previous year.
Beyond the core areas, the value of music exports also includes categories such as music applications, music technology and other music-related goods and services. With the continued expansion of digital music services and technology companies, exports from these sectors remained the largest part of Finnish music exports, totaling 121.5 million euros.
Together these sectors form the overall picture of Finnish music’s international economic impact, reaching 149.8 million euros in 2024.
Live music export income consists, for example, of performance fees received by Finnish artists from abroad and tickets purchased by foreign customers for concerts and music events organized in Finland. In 2024, live music was the fastest-growing part of core music exports, generating approximately 10.1 million euros in revenue for Finland, increasing by 12 percent compared to the previous year.
Copyright-related revenue, collected through Finnish copyright organizations or paid directly to music companies, increased by 13 percent in 2024. In total, approximately 8.5 million euros in copyright income was transferred to Finland from abroad.
The export value of recordings increased by five percent, amounting to 8.1 million euros in 2024. Revenue streams include physical record sales, digital sales, and streaming revenues that rights holders receive from abroad.
Other revenue sources include items such as composition and production fees, sheet music sales, advertising contracts, and merchandise. This income is closely tied to the other core areas of music exports mentioned above but cannot be directly attributed to any single one of them. Other export income amounted to 1.6 million euros in 2024.
In recent years, most of the total value of music exports has come from other goods and services, which include, for example, digital music services aimed at consumers and companies, as well as musical instruments, sound reproduction technology, and equipment. There are fast-growing Finnish companies in this sector that have established a strong position in the international market, and the sector continues to expand. In 2024, the value of exports from other goods and services in the music industry was approximately 121.5 million euros, an eight percent increase over the previous year.
Including all sectors, the total value of music exports in 2024 was 149.8 million euros, representing 8 percent growth compared to the previous year.
The 2024 report did not separately examine the target markets for music exports, but based on available information on copyright income, the target areas remain broadly the same as in previous years. About three-quarters of Finnish music exports have been directed to Europe in recent years, with the primary target area still being German-speaking Europe, followed by North America and the Nordic countries.
In this study, the value of music exports is defined as music-related revenue from countries other than Finland, paid to companies or taxpayers operating in Finland. The value is based on three main sources: reports from industry organizations, a survey of Finnish music companies, and expert evaluations from informants in the music industry.
The data was collected by research manager Merja Hottinen from Music Finland and researcher Tuomas Ilmavirta, who was also responsible for calculating the values of different sectors, conducting expert evaluations, and writing the report.