Vinyl Average Selling Price 2020-2027

In 2020, the average selling price for a vinyl record was $23.09. In 2023, the average retail selling price of vinyl records is likely set to hit $31, marking a 3% YoY increase. In just 3 years, the price increased by 34.35% (!). By 2027, the average price is expected to reach $33.9, with a CAGR of 2.2%. It looks like we will no longer have such a dynamic increase in vinyl prices. Although the price of an album depends on the quality of the release, the artist, and the music. What do you think are the factors that influence the selling price of a vinyl record, and how does it change in your country? Share your experience.