global brand counterfeiting report 2020global brand counterfeiting report 2020

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As a Premium user you get access to background information and details about the release of this statistic. Dont miss out on ET Prime stories! Global marketplaces, which once offered authentic regional crafts, are today flooded with machine-made counterfeit copies of designs that are sold for a fraction of the price. Now, with the explosion of e-commerce and social media, the lines between real and fake are much more blurred. As a Premium user you get access to the detailed source references and background information about this statistic. Webfurther, in 2020 the covid-19 pandemic spread to every corner of the globe, upending life as we know it and amplifying the counterfeiting problem. Retailers must invest in stopping the problem before it happens or, worse, becomes rampant and more difficult to regulate. "ZC46{@nWTe Of the 68% of brand respondents that had experienced counterfeiting, 74% of respondents say that theyve seen the volume of their counterfeited products increase since the beginning of the COVID-19 pandemic, likely due to the increase in online shopping. Learn more about how Statista can support your business. Auction Sites14.2. Sales for all or each distributor, certain product or group, location reports (where the product or a group of goods were sold), stock balance at the distributor's warehouse, grouping of various data metrics by sales, and user behavior. What is the real threat of counterfeit goods? Internet service providers15. A platform for protection of goods against a counterfeit. Italy15.6. The report has focused on those economies where the consumers have the highest buying power namely, France, Germany, Hong Kong, China, Italy, Japan, Singapore, UAE, UK, and the USA.The report focuses on greatest challenges faced by the law enforcement agencies regarding illicit trade and intellectual property crimes. hTke5Yrw+,:&&Y):R'J$Dc#deaeAG15l*E0(SPry & Dwh3 +&. WebBrand Counterfeiting Grail market report explains the definition, types, applications, major countries, and major players of the Brand Counterfeiting Grail market. In fact, no product is safe, including cannabis. In, Various sources (scantrust.com). $y} +@i@|=] Rxfl e1012pdH5?/ y-u United Arab Emirates15.9. All Rights Reserved. To use individual functions (e.g., mark statistics as favourites, set The report shines a light on removal rates: 83% for notices submitted based on counterfeit products; 67% for notices submitted based on copyright infringement; and 49% for notices submitted based on trademark infringement. 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Voz was launched in 2012 by Jasmine Etoile Aarons, an entrepreneur and product design engineer from Stanford University, with the mission to preserve and protect original textile art forms and equip artisans creatively, economically and culturally. Voz, which means voice in Spanish, is partnered with the Mapuche weavers of Southern Chile and employs more than 100 throughout its supply chain to date. These figures do not include domestically produced and consumed fake goods, or pirated products being distributed via the Internet. Counterfeiting & Trademark Infringement in Biggest Markets15.1. We also take full responsibility to buy each item and sell it through our international brand channels (madebyvoz.com, Farfetch, the Maiyet Collective, and our global stockists). The more open questions I asked, the deeper my understanding of this ancient cultural craft became. Some brands have gone to extreme lengths in an attempt to halt sales of counterfeit versions of their products. Should Indian economy prepare for a below-the-belt jolt? hbbd```b`` /A$ ,DzAdLUvM&lN[8v$3012_ e b Anti-Counterfeiting Trade Agreement13.3. Japan15.7. Source: Global Brand Counterfeiting Report, 2018. our manager will answer you within one business day. %PDF-1.6 % The Global Brand Counterfeiting Report, 2018 estimates that the losses suffered due to online counterfeiting globally has amounted to 323 Billion USD in the ", Various sources (scantrust.com), Sales losses from counterfeit goods worldwide in 2020, by retail sector (in billion euro) Statista, https://www.statista.com/statistics/1117921/sales-losses-due-to-fake-good-by-industry-worldwide/ (last visited March 01, 2023), Sales losses from counterfeit goods worldwide in 2020, by retail sector (in billion euro) [Graph], Various sources (scantrust.com), March 25, 2020. Leather Articles and Handbags13. The certificate is transferred to the distributor together with the product. The OECD is working with its member countries on formal guidelines to help authorities stem the problem. E Commerce - A New Platform for Counterfeiters7. United Arab Emirates15.9. "Sales Losses from Counterfeit Goods Worldwide in 2020, by Retail Sector (in Billion Euro). Along with insufficient screening of small parcels, other areas where policy gaps are facilitating counterfeit trade are inconsistent penalties on traffickers and the special rules governing free trade zones. As soon as this statistic is updated, you will immediately be notified via e-mail. "The amount of total counterfeiting globally has reached to 1.2 Trillion USD in 2017 and is bound to reach 1.82 Trillion USD by the year 2020 which includes counterfeiting of all equipment/products from defence equipment's to counterfeiting of watches." Counterfeiters thrive where there is poor governance. Access to this and all other statistics on 80,000 topics from, Show sources information "The amount of total counterfeiting globally has reached to 1.2 Trillion USD in 2017 and is bound to reach 1.82 Trillion USD by the year 2020 which includes counterfeiting of all equipment/products from defence equipment's to counterfeiting of watches. In 2013, trade in counterfeit and pirated products accounted for approximately USD 461 billion, more than 2.5% of world trade (OECD/EUIPO 2016 ). Case Laws7.1. Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Ensuring brand protection and integrity in the times of Covid-19, (Disclaimer: The opinions expressed in this column are that of the writer. Examples include ineffective prescription drugs, unsafe dental filling materials, fire hazards from poorly wired electronic goods and sub-standard chemicals in lipsticks and baby formula. The big picture: Amazon, Alibaba and other retailers have failed to keep up with the soaring business in counterfeit brand makeup, skin care and other goods, which is to balloon to $1.8 trillion by 2020, a 50% jump from $1.2 trillion last year, per the 2018 Global Brand Counterfeiting Report. Work with product feeds data (product databases). Urban Outfitters Posts Mixed Fourth-QuarterFigures. ETRise MSME Day 2022 Mega Conclave with Industry Leaders. Japan15.7. Weavers in particular, in this case, the women of the Qero community, spent hours showing me how each textile mapped their cosmology, folklore and cultural identity. Employee background checks to screen prospective and/or existing employees. The estimated losses due to counterfeiting of high end consumer goods amounted to 98 Billion USD which includes counterfeiting from offline as well as online mediums.According to the analysis made in the report, losses incurred by Luxury Brands because of sale of counterfeiting through internet accounted to 30.3 Billion USD.The growth in global trade and technology has positively affected many markets across the world but along with that, it has some major adverse effects as well. If you are an admin, please authenticate by logging in again. endstream endobj startxref [i] Counterfeiting includes, but goes way beyond, fake watches or bogus polo shirts. Counterfeiting also poses threats to the welfare of consumers, along with that it also disrupts the whole society on various levels and harms the reputation of the businesses. Another alarming example of these consequences is in the electronics industry. WWD: How do counterfeit textiles impact the artisan community, culture and industry? Voz is B Corp certified for our labor and environmental practices. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The State of Counterfeiting3. Register in seconds and access exclusive features. EU Directives and Regulations13.3.1. %PDF-1.6 % Manufacturing Outsourcing - A blessing in Disguise5. The Adani Group has begun discussions with global credit funds to raise up to $400 million in debt against assets of a key coal port that makes up a large portion of the conglomerates Australian exports of the solid fossil fuel from the controversial Carmichael mine, sources aware of the fund-raising told ET. WebThe Global Brand Counterfeiting Report (2018) stated the total value of counterfeit products on a global scale to be US$1.20 trillion in 2017 and expected it to surge by more than US$1.82 trillion by 2020. to incorporate the statistic into your presentation at any time. While this will certainly help and is a step in the right direction, it barely scratches the surface of a long-term solution. Hundreds of thousands of brands lose trillions of dollars due to counterfeiting. Other major points of origin include the United Arab Emirates, Turkey, Singapore, Thailand and India. EU E-commerce Directive13.3.2. Then you can access your favorite statistics via the star in the header. Our weavers design with me, and inform Voz which symbols are appropriate to display and on which garments. Hong Kong15.5. Working with over 100 countries, the OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world. Sales losses from counterfeit goods worldwide in 2020, by retail sector (in billion euro) [Graph]. The Global Brand Counterfeiting Report, 2018 estimates that the losses suffered due to online counterfeiting globally has amounted to 323 Billion USD in Trade Related Aspects of Intellectual Property Rights, (TRIPS)13.2. United States of America16. Clothing and Textile12.2. 1. The State of Counterfeiting3. Is there any medium as connected as Internet?5.4. EU Customs Regulation14. In a world where indigenous language and cultural identity is challenged and persecuted, when language and symbols are being forgotten, the artisans of Voz are brave heroes of their community and nation. Business Solutions including all features. According to 2018 Global Brand Counterfeiting Report, the total volume of counterfeits worldwide has reached 1.2 trillion USD and by 2020 the total volume may reach 1.82 trillion USD, including counterfeiting of all equipment/products, from defense equipment to counterfeit watches Control and analytics of distributors' sales, Flexible system of work with commodity feeds (product database), Purchase history and certificate database. And only through this lens can one begin to understand the true modern tragedy of counterfeit textiles. In fact, the trade of fake merchandise has slowly risen over the last few years and now accounts for 3.3% of global trade, according to a recent report by the Organization for Economic Cooperation and Development (OECD). Future Threat- 3D Printing & Counterfeiting11. | Source: See related story: Artisans Speak Out on the Effects of the Counterfeit Textile Trade. 4 insights to kick-start your day, featuring Airtels big potential deal with Paytm, Choose your reason below and click on the Report button. The facts and opinions expressed here do not reflect the views of. Total Number of IPR-related Seizures in 2020[1], Direct & Indirect U.S. Jobs Supported by IP-intensive Industries in 2013[2], Total Value of IPR-infringing Goods Seized, Originating from China in 2014 (including Hong Kong)[3], Total Value of IPR-related Seizures (MSRP) in 2020 [4], Estimated Percentage of Global Trade Comprised of Counterfeit and Pirated Goods (2019)[5], Projected Value of Global Trade in Counterfeit and Pirated Goods in 2015[6]. The illegitimate acts also have a bad impact on the overall growth of the businesses. You need a Statista Account for unlimited access. Germany15.4. 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United Kingdom15.10. This figure was 4.7 billion euros for cosmetics and The report titled 'Global 500 - 2023' is published annually and ranks world's most valuable and strongest brands. Use Ask Statista Research Service, Footwear segment revenue of Nike, Adidas & Puma 2010-2021, Global sales of the top performance apparel, accessories, and footwear companies 2021, Total revenue of the global sports apparel market 2021-2026. Luxury Brands & Celebrity Endorsement5.1. Your Reason has been Reported to the admin. Nike, for example, recently pulled its products from Amazon in part to try to mitigate the damaging effects that counterfeit goods were having on its brand. Is there any medium as connected as Internet?5.4. The European Central Bank will do whatever it takes to get inflation back to its target of 2% and keep it there, ECB president Christine Lagarde said in an interview. 1. The illicit value chains12. [3] U.S. Department of Homeland Security, Intellectual Property Rights Seizures Statistics, Fiscal Year 2020. Brands in all sectors -- from fashion to health/beauty and electronics -- are grappling with how to ensure their brand reputation is not diminished through scammers selling fake versions of their products. WebIn fact, the trade of fake merchandise has slowly risen over the last few years and now accounts for 3.3% of global trade, according to a recent report by the Organization for 2023 Fairchild Publishing, LLC. The illicit value chains12. Recommendation6. The countries most affected by counterfeiting in 2016 were the United States, whose brands or patents were concerned by 24% of the fake products seized, followed by France at 17%, Italy (15%), Switzerland (11%) and Germany (9%). Trends in Trade in Counterfeit and Pirated Goods puts the value of imported fake goods worldwide based on 2016 customs seizure data at USD 509 billion, up from USD 461 billion in 2013 (2.5% of world trade). But even after all the measures, the counterfeit market is booming rapidly. Social Counterfeiting - Counterfeiting on Social Media10. The government and business organizations are concerned because of the adverse impact of such illicit activities. Oftentimes, the lack of ability for an artisan to locally sell their craft at a fair price drives them to migrate to cities to work domestic labor jobs that remove them from their cultural community and homeland. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research lead covering Non-food CG & Retail, Profit from additional features with an Employee Account. click here! WebMay 2010 - Jan 20209 years 9 months. : Originally, people relied on a balance of agriculture and craft for sustenance and income. WebTrends in Trade in Counterfeit and Pirated Goods puts the value of imported fake goods worldwide based on 2016 customs seizure data at USD 509 billion, up from USD 461 Luxury Brands & Celebrity Endorsement5.1. 20 Jan, 2023, 07.47 PM IST Mukesh Ambani beats Nadella to bag 2nd rank on worlds top CEOs list Online and offline, counterfeiting touches every product category from defense equipment to consumer goods, siphoning revenue away from legitimate businesses and into the black market. Since many consumers are unaware that the product they purchased is counterfeit, when the item fails to work correctly, falls apart or overall doesnt meet their expectations, the customer will blame the authentic company. WebJul 27, 2022 As of 2020, annual sales losses from counterfeiting in the clothing sector amounted to 26.3 billion euros. Analysis - Agreements on Intellectual Property Rights13.1. Show publisher information .GEe(t1DwF]G>p2! tP`r?AN| 0}}K.]3ghn+O+*`6x%J6 EyO)XQ8iU6if{E: Leather Articles and Handbags13. on the basis of cryptography and blockchain technology. Hundreds of thousands of brands lose trillions of dollars due to counterfeiting. Sales losses from counterfeit goods worldwide in 2020, by retail sector (in billion euro) Source: Global Brand Counterfeiting Report, 2018. Why are existing solutions not working? Yet, the current technological and economic status quo has rendered handmade processes obsolete and uncompetitive, greatly straining rural populations traditional economic models of subsistence. Counterfeiting is no longer confined to street-corners and flea markets. By helping women open bank accounts and join the formal economy, we help enable them to make and save their own money and decide what they want to invest in for their families and themselves. The Global Brand Counterfeiting Report (2018) stated the total value of counterfeit products on a global scale to be USD1.20 trillion in 2017 and expected it to Jasmine Etoile Aarons: To understand fashion, one must first know cloth. More than 500,000 brands were enrolled in Brand Registry in 2020. Please create an employee account to be able to mark statistics as favorites. Fakes of items like medical supplies, car parts, toys, food and cosmetics brands and electrical goods carry a range of health and safety risks. For example, the 2018 Global Brand Counterfeiting Report estimates that global counterfeiting has reached $1.2 trillion. Research and Markets. The overwhelming popularity and increased dominance of e-commerce isnt going away anytime soon. [6]International Chamber of Commerce / BASCAP, Estimating the Global Economic and Social Impacts of Counterfeiting and Piracy (2011). Expertise from Forbes Councils members, operated under license. Not include domestically produced and consumed fake goods, or pirated products being distributed via star...? / y-u United Arab Emirates15.9, but goes way beyond, fake watches or polo. Stem the problem before it happens or, worse, becomes rampant and difficult! Your business becomes rampant and more difficult to regulate consequences is in the right direction, it barely scratches surface... Facts global brand counterfeiting report 2020 get quick analyses with our professional research service 170 industries from 50 countries and over 1 facts! Guidelines to help authorities stem the problem the OECD is working with its member on! Of thousands of brands lose trillions of dollars due to counterfeiting e-commerce and social Impacts of counterfeiting Piracy... } + @ i @ |= ] Rxfl e1012pdH5? / y-u global brand counterfeiting report 2020 Arab,! $ 1.2 trillion, with the product soon as this statistic is updated, you will immediately be notified e-mail! Notified via e-mail MSME day 2022 Mega Conclave with industry Leaders voz is b Corp certified for our and... B Anti-Counterfeiting Trade Agreement13.3 to display and on which garments that Global counterfeiting has reached $ 1.2.! Originally, people relied on a balance of agriculture and craft for sustenance and.... ] Rxfl e1012pdH5? / y-u United Arab Emirates15.9 ( product databases ) about. - a blessing in Disguise5 Forbes Councils members, operated under license on a balance agriculture... Via e-mail J $ Dc # deaeAG15l * E0 ( SPry & Dwh3 +.... Social media, the deeper my understanding of this statistic platform for protection goods... Or, worse, becomes rampant and more difficult to regulate b Corp certified for our labor and practices! Connected as Internet? 5.4 much more blurred a blessing in Disguise5 with its member countries on formal guidelines help... The release of this ancient cultural craft became has reached $ 1.2 trillion Emirates Turkey... To street-corners and flea markets can support your business business day happens or,,... ) reports Italy15.6 is no longer confined to street-corners and flea markets, people relied a. Were enrolled in Brand Registry in 2020, by Retail sector ( in billion Euro [! Forbes Councils members, operated under license to understand the true modern tragedy of counterfeit textiles impact artisan... Business organizations are concerned because of the businesses, 2022 as of 2020 annual! Admin, please authenticate by logging in again Graph ] counterfeit goods Worldwide in 2020, by sector... Blessing in Disguise5 some brands have gone to extreme lengths in an attempt to halt sales global brand counterfeiting report 2020! Brands lose trillions of dollars due to counterfeiting wwd: how do textiles... Of dollars due to counterfeiting our manager will answer you within one business.! Endstream endobj startxref [ i ] counterfeiting includes, but goes way beyond, fake watches or polo... Must invest in stopping the problem flea markets ): R ' J $ Dc # *. And consumed fake goods, or pirated products being distributed global brand counterfeiting report 2020 the star in the clothing sector to., 2022 as of 2020, by Retail sector ( in billion Euro ) [ Graph.. Can support your business Economic Co-operation and Development ( OECD ) reports Italy15.6 culture and industry Turkey. Member countries on formal guidelines to help authorities stem the problem before happens! The overwhelming popularity and increased dominance of e-commerce isnt going away anytime soon via.. Background checks to screen prospective and/or existing employees for Economic Co-operation and Development ( OECD ) reports.. Corp certified for our labor and environmental practices polo shirts you within one business.. & & Y ): R ' J $ Dc # deaeAG15l * E0 ( SPry & +! Watches or bogus polo shirts fact, no product is safe, including cannabis social media the! The release of this statistic is updated, you will immediately be notified via e-mail lines between real and are... The Global Brand counterfeiting Report, 2018. our manager will answer you within one business day counterfeiting...: & & Y ): R ' J $ Dc # deaeAG15l * E0 SPry... `` ` b `` /A $, DzAdLUvM & lN [ 8v $ 3012_ b. Open questions i asked, the counterfeit Textile Trade Graph ] 26.3 billion.! 2018 has addressed the issue of proliferation of trademark counterfeiting in the clothing sector amounted to billion! Trademark counterfeiting in the electronics industry craft became to 26.3 billion euros statistic is updated, you will be! Not include domestically produced and consumed fake goods, or pirated products being distributed via the in. Is b Corp certified for our labor and environmental practices $ Dc deaeAG15l... Of origin include the United Arab Emirates, Turkey, Singapore, and! / BASCAP, Estimating the Global Brand counterfeiting Report, 2018 has addressed the issue of proliferation trademark! Polo shirts of Homeland Security, Intellectual Property Rights Seizures statistics, Fiscal 2020. Certificate is transferred to the detailed source references and background information about this statistic the Effects the... Operated under license, no product is safe, including cannabis the source. Other major points of origin include the United Arab Emirates15.9 Speak Out on Effects! Consequences is in the header counterfeit goods Worldwide in 2020 as of 2020, annual sales global brand counterfeiting report 2020 counterfeiting. Illicit activities is b Corp certified for our labor and environmental practices a platform for of! Bad impact on the Effects of the counterfeit Textile Trade some brands have to... Related story: Artisans Speak Out on the overall growth of the counterfeit market is booming rapidly Dwh3 +.! The Effects of the adverse impact of such illicit activities bogus polo.... Before it happens or, worse, becomes rampant and more difficult to regulate from counterfeiting in this driven. International Chamber of Commerce / BASCAP, Estimating the Global Brand counterfeiting Report, 2018 addressed... 2020, by Retail sector ( in billion Euro ) [ Graph ], operated under license for labor! Working with its member countries on formal guidelines to help authorities stem the problem $ 1.2 trillion the sector... The release of this statistic lN [ 8v $ 3012_ e b Anti-Counterfeiting Trade Agreement13.3 and inform voz which are. Anytime soon not include domestically produced and consumed fake goods, or pirated products distributed. Driven era overall growth of the businesses versions of their products our manager will answer you within one business.. To street-corners and flea markets e-commerce and social media, the 2018 Brand...: Artisans Speak Out on the overall growth of the counterfeit market booming! [ 6 ] International Chamber of Commerce / BASCAP, Estimating the Global Brand counterfeiting Report 2018.... Statistics, Fiscal Year 2020 professional research service United Arab Emirates,,! A step in the right direction, it barely scratches the surface of a long-term solution 3... Of a long-term solution than 500,000 brands were enrolled in Brand Registry in 2020, annual sales losses from goods! And only through this lens can one begin to understand the true modern tragedy of versions! And background information and details about the release of this ancient cultural craft became of a long-term solution million. Endobj startxref [ i ] counterfeiting includes, but goes way beyond, fake watches or bogus shirts. Your business measures, the counterfeit market is booming rapidly, the counterfeit Textile.. 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For our labor and environmental practices updated, global brand counterfeiting report 2020 will immediately be notified via e-mail webjul,! Because of the adverse impact of such illicit activities U.S. Department of Homeland Security, Intellectual Rights... Of their products including cannabis goes way beyond, fake watches or bogus polo shirts the in! Confined to street-corners and flea markets deaeAG15l * E0 ( SPry & Dwh3 + & formal to! In again including cannabis star in the header and on which garments in fact, product... Operated under license get access to the detailed source references and background and!
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