2018 Market Access Report on Mexico

Mexico CoverThe Canadian Association for the Advancement of Music and the Arts (CAAMA), in association with Canadian Music Week, is opening up access for Canadian artists and music companies to do business with music companies and market specialists from Mexico.

Mexico is the 11th most populous country in the world, with an estimated 119 million people in 2015, most of whom speak Spanish as their native language. Nonetheless, there are also 67 indigenous tongues native to the nation. Currently, around 287 languages are spoken in Mexico.

Mexico has three times the population of Canada, double its surface and twice its population density.  Currently, Mexico has the biggest music industry market in Latin America, and is second in income from recorded music, after Brazil. Today in Mexico the recorded music market shows important growth, with more than 23.6%  in revenues, reaching 133.5 million dollars and placing it number 15 in the world ranking.

Last year, revenues from physical formats represented 24% of the total,  with sales of 32.2 million dollars; digital formats represented 66%, with revenues of 88.6 million; synchronization, 6%, with sales of 7.8 million, and public execution, 4%, with revenues of 4.9 million.

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