In 2023, China's music industry revenue amounted to around 470 billion yuan, reporting an annual growth rate of 10.75 percent. Karaoke, music education and training, and digital music were the three most important market sectors.
Market size of music industry in China from 2013 to 2023
(in billion yuan)
* Figures have been calculated by Statista based on the actual figures and the respective year-on-year growth rates given in 2021 and 2023 by the source.
One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of June2024).
Figures have been rounded for a better understanding.
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Tencent QQ. (June 7, 2024). Market size of music industry in China from 2013 to 2023 (in billion yuan) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/874982/music-industry-revenue-china/
Tencent QQ. "Market size of music industry in China from 2013 to 2023 (in billion yuan)." Chart. June 7, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/874982/music-industry-revenue-china/
Tencent QQ. (2024). Market size of music industry in China from 2013 to 2023 (in billion yuan). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/874982/music-industry-revenue-china/
Tencent QQ. "Market Size of Music Industry in China from 2013 to 2023 (in Billion Yuan)." Statista, Statista Inc., 7 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/874982/music-industry-revenue-china/
Tencent QQ, Market size of music industry in China from 2013 to 2023 (in billion yuan) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/874982/music-industry-revenue-china/ (last visited November 10, 2024)
Market size of music industry in China from 2013 to 2023 (in billion yuan) [Graph], Tencent QQ, June 7, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/874982/music-industry-revenue-china/
