The 2025 Argentina Music Report from the Argentine Chamber of Phonogram and Videogram Producers (CAPIF) shows that streaming is still dominating the country’s music industry, making up 79% of total recorded music revenue in 2024.
Within the digital segment, subscription-based streaming leads with 65% of the revenue, solidifying itself as the main source of music monetization in Argentina. Meanwhile, ad-supported streaming accounted for 35% of the total.
“For the first time since emerging from the post-pandemic crisis, the numbers in our industry show a decline in 2024 compared to the previous year,” says CAPIF president Diego Zapico in the annual report shared with Billboard Español. “The causes are varied: they range from the macroeconomic reality of our country to specific factors within our sector that had been accumulating imbalances and were exposed over the past year.”
“The market decline is explained by the fact that the value of service tariffs does not keep pace with the evolution of the economy and therefore, at constant values, service prices are relatively lower today,” a representative of CAPIF tells Billboard Español. “In addition, the drop in revenues from communication to the public attributable to decree 765/24, published in the Official Gazette on August 28, 2024, which modified the intellectual property regime in Argentina, particularly with respect to the public performance of musical works, has also had an impact.”
Additionally, physical sales — though declining — still made up 7% of the market, with vinyl records solidifying their spot as collectors’ favorite format, accounting for 69% of physical sales compared to 31% for CDs.
“Our country is an endless source of talent, with an incredible diversity of styles, genres, and music,” adds Zapico. “It’s a place where creativity flows freely, where artists collaborate across boundaries, and where languages and sounds constantly mix, fuse, invent and reinvent themselves.”
The report also highlights the impact of Latin artists in the top 10 of the 2024 General Ranking. Among the most popular tracks are “Hola Perdida” by Luck Ra and KHEA, “Piel” by Tiago PZK and Ke Personajes, and “Que Me Falte Todo” by Luck Ra and Abel Pintos. Other hits, like “Una Foto” by Mesita, Nicki Nicole, Tiago PZK and Emilia, as well as “La_Original.mp3” by Emilia and Tini, showcase the reach of Argentine music in both the local and regional markets.
“This is our unique national identity when it comes to art and music, and it’s what drives the success of many of our artists around the world,” says Zapico. “From the legends and established stars to the newcomers who emerge year after year, their strong presence at the top of global and regional charts and scenes stems from this.”
Check out the full top 10 of the 2024 General Ranking below:
- Luck Ra y KHEA, “Hola Perdida”
- Tiago PZK y Ke Personajes, “Piel”
- Luck Ra y Abel Pintos, “Que Me Falte Todo”
- Feid y ATL Jacob, “Luna”
- Mesita, Nicki Nicole, Tiago PZK y Emilia, “Una Foto”
- Los Ángeles Azules y Emilia, “Perdonarte, ¿Para Qué?”
- Emilia y Tini, “La_Original.mp3″
- Floyymenor y Cris MJ, “Gata Only”
- Luck Ra y BM, “La Morocha”
- Salastkbron y Diego París, “Un Besito Más”
On the other hand, “Luna” by Feid and ATL Jacob leads the top 10 of the Spanish-Language Foreign Artists Repertoire; while Benson Boone leads the top 10 of the Foreign Artists Repertoire in Other Languages ranking.
To see the full annual charts, click here.
