Source: Global Brand Counterfeiting Report, 2018. our manager will answer you within one business day. 0 4 insights to kick-start your day, featuring Airtels big potential deal with Paytm, Choose your reason below and click on the Report button. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. Luxury Brands & Celebrity Endorsement5.1. EU Customs Regulation14. 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. vcIeN[rLZ5UL-\paY@h@\TY"e_/23Hkv'-U,)z+'ZtJGGCG39,U :P$;T"@r #q`8b6P(d lkGmb zD)a #?#C}'%bn6l: +xAh]!WC@?  C0Xgw:@ { We don't sell it; we provoke you to buy it5.5. Fifty-nine percent reported that a fake website was made to look like their brand. Read the report: Trends in Trade in Counterfeit and Pirated Goods. France15.3. The Tags, Hashtags & Search5.7. A paid subscription is required for full access. Learn more about how Statista can support your business. WebMay 2010 - Jan 20209 years 9 months. Some brands have gone to extreme lengths in an attempt to halt sales of counterfeit versions of their products. 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 Auction Sites14.2. Fast Fashion5.8. Opinions expressed are those of the author. Recommendation6. While this will certainly help and is a step in the right direction, it barely scratches the surface of a long-term solution. Trends in Trade in Counterfeit and Pirated Goods covers all physical fake goods which infringe trademarks, design rights or patents, and tangible pirated products, which breach copyright. 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. Trade in fake goods, which infringe on trademarks and copyright, creates profits for organised crime gangs at the expense of companies and governments. Available: https://www.statista.com/statistics/1117921/sales-losses-due-to-fake-good-by-industry-worldwide/, Sales losses from counterfeit goods worldwide in 2020, by retail sector, Available to download in PNG, PDF, XLS format, Size of the global activewear market 2021 to 2028, Global sports footwear market revenue 2012-2025, Market cap of the top active footwear companies globally 2021, Sportswear & sporting goods companies by worldwide revenue 2021, Puma Group's market capitalization worldwide 1993-2021, Consolidated sales of Puma worldwide from 1993 to 2021, Global net sales growth of Puma 2000-2021, Net earnings of the Puma Group worldwide from 1993 to 2021, Puma Group's gross profit worldwide from 1993 to 2021, Operating income of the Puma Group worldwide from 1993 to 2021, Puma's marketing/retail expenses worldwide 2013-2021, Global R&D expenditure of Puma from 2013 to 2021, Share of Puma's sales worldwide in 2021, by region, Consolidated sales of the Puma Group worldwide from 2012 to 2021, by region, Share of Puma's consolidated sales worldwide in 2021, by product category, Puma's footwear sales worldwide from 1993 to 2021, Apparel sales of Puma worldwide from 1993 to 2021, Accessories segment sales of Puma worldwide from 1993 to 2021, Apparel segment revenue of Nike, Adidas & Puma 2016-2021, Global revenue of Nike from 2016 to 2021, by product category, The adidas Group's net sales worldwide from 2000 to 2021, Adidas Group's global net sales from 2002 to 2021, by product category, Global value share of counterfeit and pirated goods seized in 2016, by product, Sales lost due to counterfeit clothing and footwear in Europe 2015, by country, Global value of imported counterfeit goods in 2013 and 2016, Original equipment manufacturer (OEM) department monitoring counterfeiting as of 2015, Uses of serial numbers by original equipment manufacturers (OEMs) 2015, Italian sounding food products 2017, by type, Original equipment manufacturer incentive programs to fight gray market 2015, Counterfeit clothing: direct and indirect sales lost in the EU 2007-2012, by industry, Loss of sales due to counterfeit toys and games in Europe 2015, Employment loss due to counterfeit toys and games in Europe 2015, by country, Operations against counterfeiting and unauthorized commercial activity Italy 2018, Counterfeit clothing: direct and indirect employment loss in Europe 2015, by country, Cosmetic and personal care counterfeit goods: employment losses in the EU 2015, Italy: seized counterfeited and illegally merchandized articles in Rome 2015, Employment loss due to counterfeit clothing in Europe 2015, by country, Italy: counterfeiting and unauthorized commercial activity in Rome 2015, Share of lost sales due to counterfeit clothing in Europe 2015, by country, Lost sales due to counterfeit clothing and footwear in Europe 2015, by country, Share of employment lost due to counterfeit clothing in Europe 2015, by country, Sales losses from counterfeit goods worldwide in 2020, by retail sector (in billion euro), Find your information in our database containing over 20,000 reports. [1] U.S. Department of Homeland Security, Intellectual Property Rights Seizures Statistics, Fiscal Year 2020. In, Various sources (scantrust.com). Estimated losses due to counterfeiting of textiles, apparel, footwear, cosmetics, handbags, and watches amounted to $98 billion, which included counterfeiting from off-line and online channels,all according to the Global Brand Counterfeiting Report 2018. The insignia5.2. A passion for ceremonial design methods and uses led me to study global forms of art, design and adornment early in my education. EU Directives and Regulations13.3.1. 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. Leadership over international and domestic anti-counterfeiting efforts. This is a BETA experience. Manufacturing Outsourcing - A blessing in Disguise5. Cosmetics and Perfumes12.4. The problem has intensified to staggering levels, as shown by a recent Organisation for United Arab Emirates15.9. As a seller, you have the right to protect your brand reputation and to take the necessary measures to prevent your products from being illegally replicated and marketed. See note 1, supra. More than one hundred Qero weavers, silversmiths and shamans generously opened their world to me through interviews and conversations teaching me about their cultures exquisite craft tradition, the character of each shape, symbol, color, the intended use of their designs, and the anthropological and spiritual significance of their craft. 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 illicit value chains and free trade zones make it easier for the counterfeiters to trade in fake goods without any fear of being caught.The report explicates that the problem of counterfeiting is long-standing and is growing more and more in scope and magnitude. Through the continuation of weaving textiles, a cultures knowledge, religion, and aesthetic are protected and expanded. Hong Kong15.5. 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. The Global Brand Counterfeiting Report, 2018 has addressed the issue of proliferation of trademark counterfeiting in this technologically driven era. The government and business organizations are concerned because of the adverse impact of such illicit activities. Estimated losses due to counterfeiting of The brand owner creates his digital blockchain certificate for every product within a few minutes. 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. 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