Spain’s music market grows 11.6% in H1 2026 as streaming continues to rise
Spain’s recorded music market generated €181.4 million in wholesale revenue during the first half of 2026, with subscription streaming and vinyl both seeing strong growth.
Spain’s recorded music market is continuing its strong run of growth, with revenues rising 11.6% year-on-year in the first half of 2026.
According to new figures from Spanish music industry body PROMUSICAE, the market generated €181.4 million in wholesale revenue between January and June. At retail value, the market was worth €321.6 million.
The latest figures highlight the continued importance of streaming to Spain’s music industry, while vinyl is also enjoying another significant surge.
Streaming remains the driving force
Digital music accounted for the vast majority of Spain’s recorded music revenue in H1 2026. PROMUSICAE reports that the digital market generated €160.5 million, up 10.5% compared with the first half of 2025. That represented 88.5% of the total market.
Streaming made up almost all of that digital revenue, generating €159.6 million after growing 10.8% year-on-year.
Paid subscriptions were particularly important. Subscription streaming generated €121 million during the first half of the year, an increase of 15.1% from H1 2025. That means subscriptions now account for 66.7% of Spain’s recorded music revenue and 75.4% of its digital market.
The growth is even more striking when looking further back. Subscription revenue has risen from €45.1 million in H1 2020 to €121 million in H1 2026, a 168.2% increase in just six years.
PROMUSICAE president Antonio Guisasola says Spain still has room for subscription adoption to grow, suggesting the market could have further potential as more listeners move towards paid streaming.
Spain’s music market is growing faster than some major markets
Spain’s 11.6% growth puts it ahead of several other major European and global music markets.
For comparison, Germany’s recorded music market grew 5.4% year-on-year in the first half of 2026, according to German industry body BVMI. In the US, the RIAA reported wholesale recorded music revenue growth of 6.9% over the same period.
Spain’s growth also follows a particularly strong 2025 too. PROMUSICAE reported a 13.7% increase for the full year, taking the market to €409.5 million in industry value and back to revenue levels last seen in 2003.
Vinyl is growing too
Streaming might be powering the market, but physical music is far from disappearing.
Spain’s physical music market also grew 20.3% year-on-year in H1 2026, reaching €20.9 million. Vinyl was responsible for much of that growth. Revenue from vinyl increased 27.7% to €15.3 million, meaning the format now represents 73% of Spain’s physical music market.
CD revenue also increased, although at a much slower rate of 4.3%.
For artists and labels, the contrasting growth of streaming and vinyl shows that there is still value in both digital access and physical formats. Streaming can help artists reach new audiences globally, while vinyl can offer fans something tangible to collect.
What does Spain’s growth mean for independent artists?
Spain’s growing music market presents another potential audience for independent artists.
Streaming means artists don’t need to be based in Spain to reach Spanish listeners. As music consumption becomes increasingly global, artists can find audiences in countries they may never have considered targeting.
For independent artists, the takeaway is simple: don’t think of your audience as being limited by geography.
And thanks to distributors like RouteNote, you can share your music to major streaming platforms worldwide so your music can reach listeners wherever they are.
Spain’s music market still has room to grow
Spain’s latest figures point to a market that is firmly on an upward trajectory. With recorded music revenue growing by 11.6%, paid streaming continuing to expand and vinyl enjoying another strong year, there are plenty of positive signs for the industry.
For independent artists, it’s another reminder of the opportunities that exist beyond their home markets. As streaming continues to connect artists with listeners around the world, keeping your music available internationally can open the door to entirely new audiences.
And with Spain’s music market continuing to grow, it could be a market worth keeping an eye on.