The Irish can no longer put away unwanted vinyl.
There are now more than 4,000 million records in Ireland, according to a new report.
The new figures reveal the sheer number of vinyl records in circulation in the country, which means that there are now 4.3 million records stored in the UK alone.
These records are not just being thrown away, but stored in a variety of ways, including on cassette tape, hard drives, computers, and in music studios and shops.
The report, released by the Government of Ireland, also revealed that there were 683,000 records in a recording studio, or recording studios, in the last year.
The Government of the Republic says there are more than 6,000 recorded albums in circulation, with 1.7 million records held by record labels.
The numbers are likely to grow over the coming years, and the report suggests that the number of records will grow by 20 per cent a year.
Irish records store operator Recorda confirmed the report.
Its CEO, Martin Haggard, said: “There are currently 4.4 million records that are in circulation and there are an estimated 2.5 million vinyl records that we are currently storing.”
The number of physical records in the world is approximately 2.8 billion and these are not all going to be used.
“I think it is a testament to the creativity and imagination of people in Ireland that we can store all this material.”
If we put it in a physical box and throw it out, it is only going to contain a tiny fraction of it.
“There are an array of other benefits to vinyl records, according the report, which also points to the benefits of preserving the sound.
It said that, if properly preserved, there are also “virtually no physical effects on the recording, other than the fact that it is in a box.”
The report also suggests that it could save the Irish economy £15m a year, if all the records are stored in record shops.
This will be a huge economic boost to the Irish manufacturing sector, it said.
A new vinyl label, the Irish Vinyl Record label, will be launched this year, which will be one of the first in Europe to be licensed for use in Ireland.
This year, more than 5,000 companies and institutions in Ireland have signed up to sell vinyl records.
The Independent has contacted the Recorda boss for comment.