Australian Record Sales
- 2004 Half Year Figures
6 Months End 30 June 2004
The first 6 months' sales
has seen an outstanding performance by local repertoire and music
DVD's. The recorded music sales figures for the six months to 30 June
2004 show a decline in the overall Australian market when compared
to the six month period ending 30 June 2003.
The overall market value
is down 8.7% with DVD growth unable to compensate for the 10.4% value
decline on albums and the 8.4% value decline on singles. In previous
years, DVD growth has compensated for any weakening in the audio market.
On a positive note, sales
of first release titles (as indicated by ARIAnet Top 100 Album sales)
were up 14% in the first half. The decline in the overall audio album
market can be attributed therefore to a slower moving back catalogue,
largely a result of the growing DVD format and retail space being
allocated to both music and movie DVDs.
The market however, has
been buoyed somewhat by impressive results this year by Australian
repertoire. Following the enormous success of this month's ARIA No.1
Chart Awards, it is no surprise that local acts continue to perform
strongly on the charts. Local repertoire has grown from 18% to 27%
of wholesale sales value (when compared to the same 6 month period
last year), which is also in excess of the 26% share reported for
the full year to December 2003.
Singles sales have continued
to decline, although the rate of decline appears to have slowed considerably,
with half year results showing only a slight 1.8% volume decline,
compared to a 17% decline at the corresponding time last year.
Continuing trends from 2003,
the audio visual market enjoyed and exceptional 27.4% increase in
volume as the market expands its range and DVD hardware penetration
grows. This growth was mitigated however, by a 21.1% reduction in
average pricing as lower priced DVDs have been introduced to the market.
Some key conclusions
from the sales figures include:
- Record companies shipped
over 24.5 million audio and music video/DVD units, a decrease of
approximately 4.5% on the same period last year.
- Australian repertoire
represented 31% of the total ARIA Top 100 album units, up from 15%
in the 2003 first half. And 21% of the total ARIA Top 100 Single
units were by Australian repertoire, up from 18% in the last year's
- Four local acts have
been included in the Top 6 ARIAnet Albums (by volume) and 9 of the
top 25 for the first half of 2004. Last year there were only 3 local
acts in the top 25.
||That's What I'm Talking About
||John Butler Trio
||Sunrise Over Sea
||Just As I Am
||Wayward Angel (only 4 weeks sales to 30 June 2004)
||The Cat Empire
||The Cat Empire
It is important to note
that these half year figures are not necessariy indicative of the
likely full year result. Despite the decline in the overall size of
the market when compared to the first six months of 2003, the industry
continues to be cautiously optimistic about the remainder of 2004.
Numerous great titles, both Australian and international, are scheduled
for release in the second half of 2004. Of course, the market continues
to be impacted by ongoing challenges, including:
- competition from new
- the adverse impact
of CD burning and Internet based piracy, and
- competing entertainment
products including movie DVDs and console games.
The Industry is, however,
responding to those challenges and still anticipates a successful
To see the 2004 ARIA Half
Year Figures Click
23 August 2004