British acts were behind more than one in seven (13.7 percent) of all albums sold across the world in 2014, new figures show.
According to stats published in the BPI’s Music Market 2015 yearbook, the British share of global music sales is up from the 13 percent recorded the previous year.
The global retail value of British recorded music in 2014 was estimated at around $2.75bn (£1.7bn).
Five of the top ten selling acts in the world were British - One Direction, Ed Sheeran, Coldplay, Sam Smith and Pink Floyd.
Geoff Taylor, BPI and BRIT Awards chief executive, said: ‘The achievements of UK artists and labels in 2014 were truly outstanding. They dominated sales at home like never before, releasing all of the top-10 best-selling artist albums of 2014, while climbing higher than ever in the charts overseas.
‘Music is a tremendous exports success story for the UK - all around the world, fans are listening to the records we produce, supporting not only our balance of trade but a positive image for Britain overseas.’
Further figures showed that the adoption of music streaming also continued with double (14.8 billion) the number of plays in 2014 served across audio services.
73 tracks were played more than 10m times (compared with just seven in 2013).
Music Market 2015 is available now for £85 from the BPI’s shop.
According to stats published in the BPI’s Music Market 2015 yearbook, the British share of global music sales is up from the 13 percent recorded the previous year.
The global retail value of British recorded music in 2014 was estimated at around $2.75bn (£1.7bn).
Five of the top ten selling acts in the world were British - One Direction, Ed Sheeran, Coldplay, Sam Smith and Pink Floyd.
Geoff Taylor, BPI and BRIT Awards chief executive, said: ‘The achievements of UK artists and labels in 2014 were truly outstanding. They dominated sales at home like never before, releasing all of the top-10 best-selling artist albums of 2014, while climbing higher than ever in the charts overseas.
‘Music is a tremendous exports success story for the UK - all around the world, fans are listening to the records we produce, supporting not only our balance of trade but a positive image for Britain overseas.’
Further figures showed that the adoption of music streaming also continued with double (14.8 billion) the number of plays in 2014 served across audio services.
73 tracks were played more than 10m times (compared with just seven in 2013).
Music Market 2015 is available now for £85 from the BPI’s shop.
