Canadian vinyl sales are pulling away from CDs.

The data from this week’s Luminate report on Canadian music consumption offers a fascinating look at how vinyl is not only generating more revenue that CDs but are outselling them.

For the week ending January 24, vinyl sales are up 47.6% from the same time last year while CDs are down 14.1%. In raw numbers, Canadians have so far purchased 101,665 pieces of fresh vinyl and 90,435 compact discs. This, of course, doesn’t take into account the continuing sales of used vinyl through indie stores and record shows.

Let’s break things down a little further.

Last week, Canadians bought 22,785 CDs, a drop of 22.7% from a week earlier. Sales of vinyl LPs were also down (-24.6%) but still sold 31,283 copies. Meanwhile, streaming of on-demand audio tracks jumped 3.1% to 2.575 billion.

Granted, it’s still early in the year and we’ve seen very few records outside of Green Day’s Saviors album capable of generating massive excitement. Things could change. But you can see the pattern that’s being established. If we stay on this path, vinyl will both out-sell and out-gross compact discs in 2024.

What year is this again?