Keep your nostalgia for CDs – records are selling very well.
Thanks to a handful of renowned musicians, vinyl sales have skyrocketed this year, with the BBC reporting the UK topped 5 million record sales for the first time since 1991.
Indeed, in the last 12 months, vinyl sales have increased by 8% compared to 2020, an increase in part due to the release of a few hit albums by Adele, Ed Sheeran and especially Abba.
The Swedish supergroup’s release of “Voyage”, their first new album in over 40 years, sold 29,891 copies in its first week alone and quickly became the fastest vinyl seller of this century. , according to the Official Charts Company.
While Abba eclipsed Adele, the English crooner’s new album “30” sold so well on vinyl that it is partly blamed for causing a vinyl shortage. While her album’s 500,000 pre-orders certainly put a strain on the vinyl supply chain, most to blame is the fact that there is currently far more demand for the material than there is manufacturing capacity for the material. -this.
It also helped collectors have more time to build up their stash of records during the pandemic. In the United States, vinyl sales increased 29% in 2020 to reach $ 626 million, according to the Record Industry Association of America.
CDs, meanwhile, have seen sales plummet 12% from last year, with just 14 million records sold in the UK – the fewest since 1988, six years after the format was born in the country.
Cassettes were more successful than CDs in 2021, with sales increasing for the ninth consecutive year. Still, the sale amount is relatively small, with only 190,000 tapes sold this year. This trend may also be more attributable not to the popularity of the format but to bundles, in which artists sell signed tapes with every CD or vinyl album purchase, the BBC noted.
This year’s top-selling tapes included Queen’s ‘Greatest Hits’, Lana Del Rey’s ‘Chemtrails Over the Country Club’ and in Slot # 1, ‘Sour’ by Olivia Rodrigo.