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 | It has been suggested that this article should be split into articles titled Counterfeit consumer good and Knockoff. (discuss) (May 2023) |
Top countries whose IP rights are infringed
% total value of seizures, excludes online piracy
[1]
Counterfeit consumer goods are goods illegally made or sold without the brand owner's authorization, often violating trademarks. Counterfeit goods can be found in nearly every industry, from luxury products like designer handbags and watches to everyday goods like electronics and medications. Typically of lower quality, counterfeit goods may pose health and safety risks.
The colloquial terms knockoff or dupe (short for duplicate) are often used interchangeably with counterfeit, although their legal meanings are not identical. Knockoffs resemble authentic items but are not exact replicas and often have noticeable differences. Unlike counterfeits, knockoffs do not use the trademark or logo of another brand.[2]
Various organizations have attempted to estimate the size of the global counterfeit market.[3] According to the OECD, counterfeit goods made up approximately 2.5% of global trade in 2019, with an estimated value of $464 billion.[4] Sales of counterfeit and pirated goods are projected to reach €1.67 trillion (approximately $1.89 trillion USD) by 2030.[5]
- ^ a b "Global trade in fake goods worth nearly half a trillion dollars a year". OECD & EUIPO. April 18, 2016. Archived from the original on June 2, 2016. Retrieved February 20, 2024.
- ^ Cite error: The named reference
:3was invoked but never defined (see the help page). - ^ Bharadwaj, Vega; Brock, Marieke; Heing, Bridey; Miro, Ramon; Mukarram, Noor (2020). "U.S. Intellectual Property and Counterfeit Goods—Landscape Review of Existing/Emerging Research". SSRN Electronic Journal. doi:10.2139/ssrn.3577710. ISSN 1556-5068.
- ^ "Global Trade in Fakes". OECD. June 21, 2021. Retrieved October 11, 2024.
- ^ Cite error: The named reference
:5was invoked but never defined (see the help page).