Finnish music industry in 2022

The overall value of Finnish music industry amounted to 1.25 billion euro in 2022. All the core areas in the Finnish music industry grew, especially the live music sector, recovering from the pandemic. The copyright and recording sectors also grew to a new peak.

In 2022, the value of the music industry increased substantially from the 2020–2021 figures, declined by the pandemic, and was now higher than ever before, a total of 1246 million euro.

Value of Finnish music industry in 2022

The recovery of the live music sector played its part in the growth, as more events were organized now than in previous years. Within live music, the private live music sector almost reached 2019 figures, now amounting to 297 million euro. The publicly funded sector was able to recover more quickly. The combined value of the private and public sectors of live music was now 518 million euro.

The recording sector continued its direction of growth and its retail value can now be estimated at 118 million euro.

Copyright royalties grew by 15 per cent, and copyright income was collected for 110 million euro.

However, the amount of public and private support, which was multiplied due to the corona pandemic, now almost halved, and 58 million euro were distributed in grants. Of this, still almost 24 million euro were covid subsidies.

In total, the value of the core sectors of the music industry in 2022 was 791 million euro.

In addition to the core areas mentioned above, music education is also counted as part of the music industry’s value. The value is now based on a new calculation by the music education sector. Since all statistical information for 2022 is not yet available, the most recent value was estimated based on the previous year. With this information, the value of music education in 2022 can be estimated at 455 million euro.


How the survey was made