A new report reveals that vinyl sales in 2021 were the highest they’ve been in 30 years, despite widely publicized issues with backlogs and delays.
According to new figures from the British Phonographic Industry (BPI), more than five million vinyl records were sold this year, an 8 per cent increase on 2020. It marks the 14th year in a row that the format has increased sales, with vinyl sales making up 23 per cent of all albums sold this year.
Reflecting on the new figures, Geoff Taylor, chief executive of the BPI, Brit Awards & Mercury Prize, said: “It’s a great time to be a music fan, with wider choice on offer than ever before supported by great value.
“Thanks to record label investment into new music and talent, fans can purchase and collect the music they most love on vinyl, CD and even cassette, whilst also enjoying access to over 70 million songs to stream instantly whenever and how often they want, in turn enabling a new generation of artists to create music and sustain successful careers in a global market.”
Earlier this year, a new study found that Gen Z buy more vinyl records than millennials. According to a survey conducted by MRC Data, 4,041 people aged 13 and over were questioned over the course of two weeks about their musical influences, inspirations and purchases, with 15 per cent of Generation Z respondents – people commonly identified as being born roughly between 1997 and 2012 – claiming to have purchased vinyl albums in the previous 12 months.
Campaigns such as LoveRecordStores, Record Store Day and National Album Day also helped rally sales for independent record shops and specialist chains.
2020 also saw vinyl outsell CDs for the first time since the 1980s. According to the Recording Industry Association of America (RIAA), vinyl contributed a staggering $232million (£181million) to total physical sales of $376million (£278million) in the first half of 2020.