Pharmaceutical products: 10 billion euros.
Posted: Sun Jan 12, 2025 4:34 am
Counterfeiting is a global problem that has a significant impact on the economy. In the European Union, annual direct losses due to counterfeiting and piracy in 13 key sectors of the economy amount to €60 billion. This represents 7.5% of sales in these sectors.
The effects of counterfeiting are multiple. It results in loss of revenue for intellectual property rights holders, unfair competition for legitimate businesses, and a risk to the health and safety of consumers.
Data on counterfeiting in the EU
According to vnpay database the European Union Intellectual Property Office (EUIPO), imports of counterfeit goods into the European Union reached €121 billion in 2022. This amount represents an increase of 20% compared to the previous year.
Counterfeiting is a major problem for the European economy . Some sectors are more heavily impacted than others. These include pharmaceuticals, cosmetics, clothing, footwear, electronics and luxury goods.
In fact, for 2022, counterfeiting and the resulting loss of income in these sectors represent respectively:
-
- Cosmetics: 8 billion euros.
- Clothing: 7 billion euros.
- Shoes: 7 billion euros.
- Electronic products: 5 billion euros.
- Luxury products : 4 billion euros.
Like the activities and products subject to counterfeiting, some European countries are also more affected than others. In 2022 again, the loss represents:
- Germany: 13.5 billion euros.
- France: 7 billion euros.
- Italy: 6.5 billion euros.
- Spain: 5.5 billion euros.
- United Kingdom: 4.5 billion euros.
- Netherlands: 3.5 billion euros.
Counterfeiting is therefore a scourge for countries and businesses. Although European and national authorities are committed to combating counterfeiting, the problem remains significant and causes significant harm.
The international threat posed by counterfeiting
On an international scale, brand counterfeiting is a real scourge that must be fought against.
Counterfeiting is a global problem that affects every country. According to the World Intellectual Property Organization (WIPO), counterfeiting and piracy accounted for global losses of $652 billion in 2022.
The consequences are direct and highly detrimental to businesses.
The effects of counterfeiting are multiple. It results in loss of revenue for intellectual property rights holders, unfair competition for legitimate businesses, and a risk to the health and safety of consumers.
Data on counterfeiting in the EU
According to vnpay database the European Union Intellectual Property Office (EUIPO), imports of counterfeit goods into the European Union reached €121 billion in 2022. This amount represents an increase of 20% compared to the previous year.
Counterfeiting is a major problem for the European economy . Some sectors are more heavily impacted than others. These include pharmaceuticals, cosmetics, clothing, footwear, electronics and luxury goods.
In fact, for 2022, counterfeiting and the resulting loss of income in these sectors represent respectively:
-
- Cosmetics: 8 billion euros.
- Clothing: 7 billion euros.
- Shoes: 7 billion euros.
- Electronic products: 5 billion euros.
- Luxury products : 4 billion euros.
Like the activities and products subject to counterfeiting, some European countries are also more affected than others. In 2022 again, the loss represents:
- Germany: 13.5 billion euros.
- France: 7 billion euros.
- Italy: 6.5 billion euros.
- Spain: 5.5 billion euros.
- United Kingdom: 4.5 billion euros.
- Netherlands: 3.5 billion euros.
Counterfeiting is therefore a scourge for countries and businesses. Although European and national authorities are committed to combating counterfeiting, the problem remains significant and causes significant harm.
The international threat posed by counterfeiting
On an international scale, brand counterfeiting is a real scourge that must be fought against.
Counterfeiting is a global problem that affects every country. According to the World Intellectual Property Organization (WIPO), counterfeiting and piracy accounted for global losses of $652 billion in 2022.
The consequences are direct and highly detrimental to businesses.