Japan surpasses US as world's biggest recorded music market


Posted at Apr 09 2013 11:36 AM | Updated as of Apr 09 2013 07:36 PM

LONDON - Japan surpassed the United States as the world largest recorded music market in 2012 for the first time, the International Federation of the Phonographic Industry said Monday.

Japan marked $4.3 billion in sales of CDs and music downloads, trading places with the United States, which posted $4.1 billion, for the first time since 1973, the group said.

Non-downloadable products such as CDs and records accounted for 57 percent of sales on average in the world but those products formed an unusually high 80 percent of sales in Japan.

The United States was still the largest market in the world in the overall size of music market including licensing fees for music used in movies and commercials, the federation said.