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. 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. The illegitimate acts also have a bad impact on the overall growth of the businesses. [3] U.S. Department of Homeland Security, Intellectual Property Rights Seizures Statistics, Fiscal Year 2020. 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. A growing number of businesses in Singapore, Hong Kong and emerging economies like Brazil and China are also becoming targets. 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). While this might not seem like a serious threat (and for those who knowingly buy knock-offs for superficial reasons, its not), the truth is that poor quality items can have real, dire consequences. 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. The Global Brand Counterfeiting Report, 2018 estimates that the losses suffered due to online counterfeiting globally has amounted to 323 Billion USD in the For the European Union, counterfeit trade represented 6.8% of imports from non-EU countries, up from 5% in 2013. Gucci vs Alibaba7.2. The Tags, Hashtags & Search5.7. As a Premium user you get access to the detailed source references and background information about this statistic. ETRise MSME Day 2022 Mega Conclave with Industry Leaders. Adverse effects of Social Media5.9. The Global Brand Counterfeiting Report, 2018 has addressed the issue of proliferation of trademark counterfeiting in this technologically driven era. EU Directives and Regulations13.3.1. The overwhelming popularity and increased dominance of e-commerce isnt going away anytime soon. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. hVNHVZvmi$d@. .GEe(t1DwF]G>p2! tP`r?AN| 0}}K.]3ghn+O+*`6x%J6 EyO)XQ8iU6if{E: Are you interested in testing our business solutions? The Threatening Power Of Counterfeit Goods. Social Counterfeiting - Counterfeiting on Social Media10. Sales losses from counterfeit goods worldwide in 2020, by retail sector (in billion euro) [Graph]. Internet service providers15. "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 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 I was granted an invitation to study the use of design and craft for ceremonial practice with Qero shamans in the Sacred Valley region of Peru through the Rainbow Jaguar school. EU E-commerce Directive13.3.2. Future Threat- 3D Printing & Counterfeiting11. Through our design collaboration and aesthetics-driven approach, we have gained a loyal international clientele that continues to grow. The result is that for the first time in countless generations, rural dwelling and indigenous artisans are struggling to make a living with their traditional craft. Is there any medium as connected as Internet?5.4. They feel forced to accept prices for their craftwork that do not fairly compensate them for the materials and labor of their artwork. March 25, 2020. [5] OECD, Trends in Trade in Counterfeit and Pirated Goods (2019). click here! 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%). 18 March 2019 -Trade in counterfeit and pirated goods has risen steadily in the last few years even as overall trade volumes stagnated and now stands at 3.3% of global trade, according to a new report by the OECD and the EUsIntellectual Property Office. 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. 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. A summary of the legislation under consideration in the US and EU The government and business organizations are concerned because of the adverse impact of such illicit activities. And companies such as Voz, a luxury ethical fashion brand, is working to mitigate the effects of counterfeiting in the artisan community. But even after all the measures, the counterfeit market is booming rapidly. 2291 0 obj <>/Filter/FlateDecode/ID[<34B38B46A27FC8469B485278D5465D2B><3D2570D60808A6439D4AFAC9D38BD17B>]/Index[2265 42]/Info 2264 0 R/Length 128/Prev 986752/Root 2266 0 R/Size 2307/Type/XRef/W[1 3 1]>>stream Video: Do These Outrageous Celebrity Fashion Looks Hold Up? 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Statista. Young single mothers have been able to return from domestic jobs in large cities to their rural homeland and make a living weaving with Voz locally. WebProduct counterfeiting is a growing global risk with multidimensional, detrimental effects on businesses, consumers, economies, and society. 2306 0 obj <>stream Here, Aarons discusses the importance of preserving cultural identity and the true modern tragedy of counterfeit textiles.. hbbd```b`` /A$ ,DzAdLUvM&lN[8v$3012_ e b 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. Read the report: Trends in Trade in Counterfeit and Pirated Goods. Mens underwear sales are falling. And just last month, the Trump administration said it plans to crack down more aggressively on imports of counterfeit products, targeting merchants, warehouses and third-party websites that are largely responsible for the widespread nature of this issue. Other major points of origin include the United Arab Emirates, Turkey, Singapore, Thailand and India. Copyright 2020 BrandProtect Corp. All rights reserved. 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. Internet service providers15. Past OECD-EUIPO analysis has shown that free trade zones where economic activity is driven by reduced taxes, customs controls and lighter regulation can unintentionally facilitate counterfeit trade. Weband the data brands provide in Brand Registry; and brands can more quickly find and report suspected infringement. Get all the top news stories and alerts straight to your inbox. 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. The globalization of trade and communication has offered unparalleled opportunities for organized crimes to engage in illicit trade and counterfeiting so as to increase their economic influence. There is also a business threat of counterfeit products, as it results in a loss of revenue for the brand that is being copied. Today Voz works with over 85 Mapuche artisans in Southern Chile to collaboratively design textiles, accessories and fashions that celebrate artisans cultural and craft heritage. We want to solve the WazirX-Binance issue once and for all: Nischal Shetty. But even after all the measures, the counterfeit market is booming rapidly. 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. The other side of the E-commerce Industry9. E-commerce expanded rapidly as OECD projects that about $2 trillion worth of counterfeit goods will be sold worldwide in 2020. In October 2019, Amazon said they were prepared to invest billions of dollars into keeping customers from selling fake or dangerous products on its platform. Auction Sites14.2. 1858 0 obj <> endobj Leather Articles and Handbags13. hbbd```b``"nH6"}D)"' DKd2 EU Directives and Regulations13.3.1. After years of learning about the consequences of counterfeit textiles, I founded Voz to create rural work opportunities for artisans so they could continue their cultural art forms and symbolic practice and make a fair living from their talents and heritage. Globalization - A Double Edged Sword4. For example, the 2018 Global Brand Counterfeiting Report estimates that global counterfeiting has reached $1.2 trillion. Show publisher information See note 1, supra. 2023 International AntiCounterfeiting Coalition Terms of Use Privacy Policy, Global IP Partners and Memoranda of Understanding, Trends in Trade in Counterfeit and Pirated Goods, Learn about our exhibit at the Crime Museum. The "Global Brand Counterfeiting Report, 2018" report has been added to ResearchAndMarkets.com's offering. In 2013, trade in counterfeit and pirated products accounted for approximately USD 461 billion, more than 2.5% of world trade (OECD/EUIPO 2016 ). To put that in perspective: Thats roughly 2% of everything sold worldwide. WWD and Women's Wear Daily are part of Penske Media Corporation. According to the Global Brand Counterfeiting Report 2018-2020, world counterfeiting reached 1,2 trillion dollars in 2018. Final figures arent yet available for 2020, but experts estimate brands lost about $2 trillion. As soon as this statistic is updated, you will immediately be notified via e-mail. 1901 0 obj <>stream Trade Routes of Counterfeited Goods12.1. Of proliferation of trademark counterfeiting in the artisan community ( in billion )..., you will immediately be notified via e-mail Trade Routes of Counterfeited Goods12.1 immediately notified... In the artisan community connected as Internet? 5.4 euro ) [ ]! Dkd2 EU Directives and Regulations13.3.1 we have gained a loyal international clientele that continues to.!, by retail sector ( in billion euro ) [ Graph ] [ 3 ] Department. 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