According to the Global Brand Counterfeiting Report 2018, the total amount of counterfeiting worldwide reached 1.2 trillion USD in 2017 and is projected to reach 1.82 trillion USD by 2020, encompassing everything from defense equipment to fake watches.
Counterfeiting of clothing, textiles, footwear, cosmetics, handbags, and watches resulted in estimated losses of 98 billion USD.
In a report by the Organisation for Economic Cooperation and Development, it was found that the trade in counterfeit goods now amounts to a staggering 461 billion USD, more than the combined GDP of the Czech Republic and Ireland. In 2008, the Paris-based think tank estimated the size of the counterfeit trade industry at 200 billion USD.
The Global Brand Counterfeiting Report 2018 estimates that losses suffered due to online counterfeiting globally amounted to 323 billion USD in 2017. Luxury brands experienced losses of 30.3 billion USD due to sales of counterfeit goods through the internet.
Counterfeiting of clothing, textiles, footwear, cosmetics, handbags, and watches resulted in estimated losses of 98 billion USD, including losses from both online and offline counterfeit sales.
A study conducted by the Organisation for European Cooperation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) revealed that international trade in counterfeit and pirated goods accounts for up to 2.5% of world trade.
Counterfeit and pirated goods amount to up to 5% of imports, or as much as EUR 85 billion, in the European Union.
Leave a comment