28th November 2024
The cost of living, transport and toilet queues are holding back live music, with 74% of respondents in the second annual Live Music Census saying they want ticket prices to be more affordable, while 50% want venues closer to home and 59% (mostly women) had concerns about toilet queues at events. The report found that the suitability and location of live music infrastructure was a concern, but also an opportunity to improve attendance at live music events.
17th October 2024
The Australian Music Association has produced a new report to add depth to the existing data and insights it provides for the music products industry in Australia. The State of the Industry Report, launched at the Industry Leadership Summit in Sydney, is based on a comparable report prepared by UK equivalent of the AMA (MIA) and will check in with the industry each year to measure business confidence, sales trends, employment, and issues. Continue reading
19th August 2024
The latest in the AMA’s series of seasonal import reports aligns for the first time with the Fiscal Year (to June 30). Continue reading
Archived August 2024 – All Tables Continue reading
1st July 2024
The second of the AMA’s new seasonal reports brings you up to date import data, this time up to March 2024. Continue reading
Archive of the September 2023 Quarterly Report Continue reading
The Australian music products market had a difficult year in 2023, with a drop from 2022 of 19% in units, 14% in value. The overall trend in many cases looks like a continuing decline from the peak of the pandemic years. Continue reading
22nd January 2024
The 2-page Market Snapshot has been published, based on Market Report data, as the AMA has traditionally published in advance of the NAMM Show.
Members can download the Snapshot here2024 Market Snapshot (year to Sept 23 data).
The most recent data is available in more detail in the Quarterly Report (year to September 2023). Some members have asked about the full calendar year data for 2023, unfortunately we do not yet have the data.
17th November 2023
The first of a new seasonal report from the AMA, sharing up to date import data throughout the year, has just been released. As part of the recent review of the Annual Market Report, and the updated methodology and presentation, these reports will be released soon after quarterly data is made available.
Members: See the report (Login required) | Non-members: Join Now Continue reading
|
Economic snapshot |
2022 |
2021 |
2020 |
|
Economic Growthi |
2.75% |
4.2% |
1.1% |
|
Unemployment Rate |
3.5% |
4.0% |
6.3% |
|
Cash Rate Targetii |
0.1% (Jan) 3.10% (Dec) |
0.1% |
0.1% |
|
Wage Price Indexiii |
3.4% |
2.3% |
1.4% |
|
Populationiv |
26.27 million |
25.75 million |
25.68 million |
|
Consumer Price Indexv |
7.8% |
3.5% |
0.9% |
Throughout 2022 the Australian economy entered a period of increasing inflation and interest rates, creating difficult conditions for retail trade in consumer products. Unemployment fell below 4% early in the year and stayed there, reaching a low point of 3.4% and ending the year at 3.5%.i Wages increased at a faster pace than usual, with the Wage Price Index moving above 3% for the first time in almost 10 years. However, higher wages and low unemployment were matched with higher interest rates, with the RBA cash rate moving from 0.1% to 3.1%, and consumer price index reaching a high point of 7.8%. Continue reading
