Trade in Counterfeit and Pirated Goods: new EUIPO Status Report

A new estimate from the European Intellectual Property Office (EUIPO) puts the annual losses due to counterfeiting and piracy across 11 key economic sectors in the EU at up to 60 billion EUR each year.

The updated analysis puts the overall loss at 7.4 % of all sales in the following sectors: cosmetics and personal care; clothing, footwear and accesories; sports goods; toys and games; jewellery and watches; handbags and luggage; recorded music; spirits and wine; pharmaceuticals; pesticides; and smartphones.

Given that legitimate manufacturers produce less than they would have had in the absence of counterfeiting, therefore employing fewer workers, the analysis estimates that up to 468.000 jobs are directly lost in these sectors across the EU. Austria recorded an estimated loss of EUR 1.04 billion per year, and a loss in turnover of 7.1 % is estimated.

The full 2019 Status Report in Intellectual Property Rights Infringements and a summary are available for download here.