
The vinyl market increased again in 2024 – up 10.5% to £196m and, in unit terms, up 9.1% to 7.1m.
While the greater increase in value compared to units is explained by price rises, the inflationary pressure on vinyl LPs eased off last year.
The average vinyl LP now costs £27.76.
Nevertheless, fans of the CD can now point to the value that the format offers to music consumers compared to vinyl. The average vinyl LP was £16.34 more expensive than the average paid for a CD album in 2024.
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Phil Aston | Now Spinning Magazine