In the mid-1990s, Taiwan became the centre of one of the largest music industries in Asia. The country was the second largest music industry in Asia, in 1998 and 1999, after Japan, before falling to fourth in 2002 due to piracy. Piracy has caused domestic repertoire as a proportion of the market to fall to 50%, in 2001, from an all-time high of around 70%, in the 1990s. Sales of recorded music in Taiwan peaked in 1997, when sales reached US$442.3 million, but by 2008, revenue declined sharply to US$51 million, with piracy and illegal downloads to blame. Foreign songs began to dominate local repertoire for the first time in the mid-2000s, as they did in Hong Kong and Mainland China.