| Product Code: ETC5402922 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives experienced a significant increase in the concentration of vinyl record imports in 2024, with top exporting countries being China, Spain, USA, India, and Singapore. Despite a negative Compound Annual Growth Rate (CAGR) of -30.76% from 2020 to 2024 and a further decline in growth rate of -35.16% from 2023 to 2024, the market continues to show resilience. The high concentration levels indicate a competitive market landscape, potentially driving innovation and strategic partnerships among key players in the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Vinyl Record Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Vinyl Record Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Vinyl Record Market - Industry Life Cycle |
3.4 Maldives Vinyl Record Market - Porter's Five Forces |
3.5 Maldives Vinyl Record Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Maldives Vinyl Record Market Revenues & Volume Share, By Feature, 2021 & 2031F |
3.7 Maldives Vinyl Record Market Revenues & Volume Share, By Gender, 2021 & 2031F |
3.8 Maldives Vinyl Record Market Revenues & Volume Share, By Age Group, 2021 & 2031F |
3.9 Maldives Vinyl Record Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Maldives Vinyl Record Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Maldives Vinyl Record Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing interest in retro and vintage music trends |
4.2.2 Increase in demand for physical music formats among collectors |
4.2.3 Rise in popularity of vinyl culture and nostalgia for analog sound quality |
4.3 Market Restraints |
4.3.1 Limited availability of new vinyl records in the Maldives market |
4.3.2 High prices of vinyl records due to import costs and taxes |
5 Maldives Vinyl Record Market Trends |
6 Maldives Vinyl Record Market Segmentations |
6.1 Maldives Vinyl Record Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Maldives Vinyl Record Market Revenues & Volume, By LP/EP Vinyl Records, 2021-2031F |
6.1.3 Maldives Vinyl Record Market Revenues & Volume, By Single Vinyl Records, 2021-2031F |
6.2 Maldives Vinyl Record Market, By Feature |
6.2.1 Overview and Analysis |
6.2.2 Maldives Vinyl Record Market Revenues & Volume, By Colored, 2021-2031F |
6.2.3 Maldives Vinyl Record Market Revenues & Volume, By Gatefold, 2021-2031F |
6.2.4 Maldives Vinyl Record Market Revenues & Volume, By Picture, 2021-2031F |
6.3 Maldives Vinyl Record Market, By Gender |
6.3.1 Overview and Analysis |
6.3.2 Maldives Vinyl Record Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Maldives Vinyl Record Market Revenues & Volume, By Women, 2021-2031F |
6.4 Maldives Vinyl Record Market, By Age Group |
6.4.1 Overview and Analysis |
6.4.2 Maldives Vinyl Record Market Revenues & Volume, By 13-17, 2021-2031F |
6.4.3 Maldives Vinyl Record Market Revenues & Volume, By 18-25, 2021-2031F |
6.4.4 Maldives Vinyl Record Market Revenues & Volume, By 26-35, 2021-2031F |
6.4.5 Maldives Vinyl Record Market Revenues & Volume, By 36-50, 2021-2031F |
6.4.6 Maldives Vinyl Record Market Revenues & Volume, By Above 50, 2021-2031F |
6.5 Maldives Vinyl Record Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Maldives Vinyl Record Market Revenues & Volume, By Private, 2021-2031F |
6.5.3 Maldives Vinyl Record Market Revenues & Volume, By Commercial, 2021-2031F |
6.6 Maldives Vinyl Record Market, By Distribution Channel |
6.6.1 Overview and Analysis |
6.6.2 Maldives Vinyl Record Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.6.3 Maldives Vinyl Record Market Revenues & Volume, By Independent Retailers, 2021-2031F |
6.6.4 Maldives Vinyl Record Market Revenues & Volume, By Online Stores, 2021-2031F |
6.6.5 Maldives Vinyl Record Market Revenues & Volume, By Others, 2021-2031F |
7 Maldives Vinyl Record Market Import-Export Trade Statistics |
7.1 Maldives Vinyl Record Market Export to Major Countries |
7.2 Maldives Vinyl Record Market Imports from Major Countries |
8 Maldives Vinyl Record Market Key Performance Indicators |
8.1 Average selling price of vinyl records in the Maldives |
8.2 Number of new record stores opening in the Maldives |
8.3 Percentage of music events featuring vinyl DJs |
9 Maldives Vinyl Record Market - Opportunity Assessment |
9.1 Maldives Vinyl Record Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Maldives Vinyl Record Market Opportunity Assessment, By Feature, 2021 & 2031F |
9.3 Maldives Vinyl Record Market Opportunity Assessment, By Gender, 2021 & 2031F |
9.4 Maldives Vinyl Record Market Opportunity Assessment, By Age Group, 2021 & 2031F |
9.5 Maldives Vinyl Record Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Maldives Vinyl Record Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Maldives Vinyl Record Market - Competitive Landscape |
10.1 Maldives Vinyl Record Market Revenue Share, By Companies, 2024 |
10.2 Maldives Vinyl Record Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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