Counterfeit Products Statistics
Here some statistics on counterfeit products and the worldwide grey market that might shock you.
According to Forbes, in 2018 counterfeiting was the largest criminal enterprise in the world.
Among the leading industries that have been seriously affected by counterfeiting are software, music recordings, motion pictures, luxury goods and fashion clothes, sportswear, perfumes, toys, aircraft components, spare parts and car accessories, and pharmaceuticals as well as other fast-moving consumer goods.
About 5% of goods imported into the European Union in 2013 were fakes, according to the OECD.
The British government, released a study, Social Media and Luxury Goods Counterfeit, stating 1/5 of all items tagged with luxury good brand names on Instagram are fakes, with 20% of the posts featured counterfeit goods from accounts, usually based in China, Russia, Malaysia, Indonesia, and Ukraine.
The Gartner Group estimated that intellectual property loss due to 3D printer counterfeiting could total $100 billion by 2018. Among the technological fields that can be victimized by counterfeits will be auto and aircraft parts, toys, medical devices, drugs and even human organs.
Today, its estimated that up to 1 in 3 prescription drugs in the world are counterfeit. This figure is closer to 2/3 in some developing countries.
70% of luxury brand owners consider loss of revenue from counterfeit products to be the biggest challenge facing them on the internet today.
Almost 1/3 of paid search adverts for designer handbags lead to fraudulent sellers.
Counterfeit goodss are as profitable for criminals as illegal drugs. It brings returns of up to 900% for criminal organizations.
50% of automobile deaths in Saudi Arabia are caused by counterfeit parts.
41% of business managers are extremely or very concerned about keeping their brand and trademarks protected in the evolving web landscape.
1 in 6 online shoppers are duped by counterfeit products.
28 consumers unknowingly buy lower cost counterfeit goods online for every 1 that does so intentionally
40% of consumers believe that the internet of 2020 will be a more dangerous place.