[Statista] Luxury Items Account for Bulk of Fake Goods Seized in the U.S.
Topics›Global personal luxury goods industry›
COUNTERFEIT GOODS
Luxury Items Account for Bulk of Fake Goods Seized in the U.S.
by Felix Richter, Apr 25, 2022
As the world celebrates World Intellectual Property Day on April 26 to “highlight the role that IP rights (patents, trademarks, industrial designs and copyrights) play in encouraging innovation and creativity,” we’re taking a look at the other side of intellectual property, namely the illegitimate trade in counterfeit goods. Global trade with fake products amounts to hundreds of billions of dollars each year, as only a fraction of trademark-infringing merchandise is detected and subsequently seized by customs.
In the United States, U.S. Customs and Border Protection seizes thousands of shipments of goods that violate intellectual property rights each year, with the value of the seized merchandise usually exceeding $1 billion. In 2020, the retail value of the 26,503 seizures made by CBP amounted to $1.3 billion, meaning that the seized goods would retail for that much if they were legitimate.
As our chart shows, luxury items such as watches, jewelry, handbags and wallets accounted for more than 50 percent of the seized merchandise’s retail value, despite accounting for only 30 percent of all seizures. Unsurprisingly, much of the pirated goods seized by U.S. customs come from China, where $660 million worth of goods originated in 2020. With a retail value of $429 million, counterfeit goods from Hong Kong make up the second largest chunk, while all other trade partners accounted for no more than low single-digit percentages of seized goods.
Key Points
- 가짜제품의 글로벌 거래는 매년 수천억원 달러에 달하며 증가
- 매년 지적재산권을 침해하는 수천개의 제품이 압수되고 있으며, 이러한 물품의 가치는 일반적으로 10억 달러를 초과
- 시계, 보석, 핸드백 및 지갑과 같은 사치품은 압수된 상품 소매 가치의 50% 이상을 차지했지만 전체 압수량의 30%에 불과
References: Statista
Infographic: Luxury Items Account for Bulk of Fake Goods Seized in the U.S.
This chart shows the total value of goods seized for intellectual property rights violations in the U.S. in 2020, by category.
www.statista.com