Vinyl records have come full circle, passing the one million yearly sales mark for the first time in 18 years.

The Official Charts Company today released figures that show vinyl has already sped past the landmark figure, as well as beating last years total sales, which topped out at 780,674. It predicts that as the Christmas sales period hasn't even kicked off the number could rise to 1.2 million by the end of the year.

Over the last five years, vinyl sales have increased five-fold, but the last time sales were anywhere near this high was in 1996, when 1,083,206 LPs were shifted in total.

The best-selling vinyl album of the year so far is AM by Arctic Monkeys, although topping the chart right now is Nothing Has Changed by David Bowie. Pink Floyd's album The Endless River -- the band's first in 20 years -- has also been one of the year's big vinyl success stories. In its first week, 6,000 copies were purchase -- the highest number of any album released since 1997. That officially makes it the fastest-selling vinyl album this century.

"In scoring the biggest opening week for a vinyl album this millennium, Pink Floyd's The Endless River illustrates the British public's renewed love for this format, which is on course to become a £20 million business this year -- an incredible turnaround from barely £3m just five years ago. This resurgence also underlines music fans' continuing fascination with the album," said Official Charts chief exec Martin Talbot.

This will no doubt come as welcome news to Taylor Swift, who recently withdrew her music from Spotify, which was in part a protest bemoaning the lack of respect towards albums as works of art. Swift has enjoyed massive success with her album 1989, but there is no sign of her at the top of the vinyl sales chart, which primarily features rock -- the genre that tends to dominate vinyl sales. There are many old favourites including Led Zeppelin, The Stone Roses and Oasis' Definitely Maybe in there though.

As is to be expected, vinyl's share of the music market is still dwarfed by Spotify and other streaming service, which claim 10 percent share to vinyl's two percent. Both of these formats are currently seeing growth, however.

According to the British Phonographic Industry, the UK is "entering a more pronounced multi-channel era, where streaming music day-to-day and collecting physical recordings of your favourite artists can be seen as complementary passions".

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