Are we heading for a shortage of vinyl records? It looks like it.

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With no sign of slowing vinyl sales – in fact, they are increasing – we run into sourcing and production issues. The result could be long release times and inevitably higher prices.

Much like the vinyl industry found a way to recover from the Apollo Transco fire in February 2020 that destroyed one of only two master lacquer factories in the world (not to mention all the COVID protocols that slowed things down in baling factories) comes the news that the demand for new records is exceeding capacity.

According to Hypebot, the global vinyl manufacturing capacity is approximately 160 million units per year. However, estimates are that it could reach 320 million or even 400 million very, very soon. If those orders can’t be fulfilled, it could mean leaving more than a billion dollars on the table.

Eighteen months ago, a band or label could expect to see their vinyl order filled in two or three months. But now the average order has dropped from 3,700 to 7,000, the wait can stretch for a full year or more.

What is the reason for this? Public demand, of course. And we have to look at retailers like Walmart and Target, which have really jumped on the vinyl bandwagon.

Naturally, the laws of supply and demand dictate that when something like this happens, prices go up. The average price of an album in the United States had been maintained at $ 21.71 for about ten years. The current average price is $ 27.11.

Yeah, eh?


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