The recent official release of global figures for counterfeit items by Gieschen Consultancy states that 25,064,295 counterfeiting items were seized and sold worldwide, up 143% from September, valued at US $79,775,852.
The release also informs that the top countries which aggressively pursued counterfeiters were the United States (38%, $30,254,132), Taiwan (20%, $15,783,000), Italy (9%, $7,000,000), UK (7%, $5,198,800), Columbia (6%, $5,101,000), South Africa (6%, $4,982,900), and India (5%, $3,956,450). China ranked 8th.
Items include electronics (cell phones, computer equipment, etc.) the most profitable to counterfeit, followed by drugs (medications, alcohol, etc.), digital media (CDs, DVDs, etc.), financial items (currency, checks, etc.), retail merchandise (clothing, shoes, etc.) and industrial goods (fuel, ball bearings, etc.).
Among the FMCG (Fast Moving Consumer Goods), is most likely to counterfeit Louis Vuitton, followed by Nike, Gucci, Dove, Coach, and Christian Dior brand name merchandise.
Clothing, handbags & purses, shoes, perfume and jewelry were the most popular Retail Merchandise items.
The report says that the origin of counterfeit goods, when manufactured outside of the country they are sold or seized, were traced back to China in the majority of cases, followed by Pakistan, Malaysia, India, and Russia.
Also 38 countries reported counterfeit activity in October (Australia, Bangladesh, Bulgaria, Canada, China, Columbia, Fiji, Gambia, Ghana, India, Indonesia, Iran, Ireland, Israel, Italy, Jamaica, Japan, Kenya, Lebanon, Malaysia, Malta, Mexico, New Zealand, Pakistan, Philippines,Russia, Sierra Leone, Singapore, South Africa, South Korea, Sri Lanka, Taiwan, UAE, Uganda, UK, USA, Vietnam, and Zambia).
In summarizing the months activity, Glen Gieschen, Managing Director of Gieschen Consultancy stated "the month of October has shown an increasing trend for counterfeiters to diversify their portfolio of products. Once they establish a market for a particular item, they flood it with multiple products, taking advantage of clients that are looking for a variety of items. It is rare for a consumer to drive to a single location in search for one purse or pair of shoes. Thus the counterfeiters are now manufacturing a wider variety of items to meet their clients needs.
Gieschen Consultancy, is a trusted provider of in-depth information, analysis and reporting for the document, product and intellectual property security industry.
Source: Fiber2Fashion
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