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Mexico Becomes a Top 10 Global Music Market for the First Time, Bumping Australia
Mexico has become a top 10 global music market for the first time, according to the new IFPI report for 2024. Brazil retains its No. 9 ranking.
9, 2024 marks the first year two Latin American countries appear in the top 10 of IFPI's rankings, which are based on recorded music revenue. For the first time ever, Mexico has entered the top 10 global music markets, the International Federation of the Phonographic Industry (IFPI) has confirmed to Billboard Español. With Mexico’s ascension, Australia has fallen out of the top 10 for the first time in nearly three decades, despite a 6.1% increase in recorded music revenue.
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