GITNUX MARKETDATA REPORT 2024

Counterfeit Industry Statistics

The counterfeit industry generates billions of dollars in revenue each year, with estimates suggesting that it makes up around 3% of global trade.

Statistic 1

"Counterfeit goods make up 3.3% of global trade, according to a 2019 report."

Sources Icon

Statistic 2

"The total value of counterfeit and pirated goods is estimated to be $509 billion in 2016."

Sources Icon

Statistic 3

"The US experiences the most economic impact from counterfeiting, suffering a $225 billion loss."

Sources Icon

Statistic 4

"In Europe, counterfeit products cause an estimated loss of €60 billion annually."

Sources Icon

Statistic 5

"China is the biggest producer of counterfeit goods, accounting for 80% of all seizures."

Sources Icon

Statistic 6

"Luxury brands are the most affected by the counterfeiting industry, losing out on $30 billion each year."

Sources Icon

Statistic 7

"Counterfeit pharmaceuticals is a thriving market, expected to reach $95 billion in 2022."

Sources Icon

Statistic 8

"It is estimated that up to €26.3bn is lost every year across the EU due to counterfeit wine and spirits."

Sources Icon

Statistic 9

"Counterfeit toys could be costing the EU €1.4 billion every year."

Sources Icon

Statistic 10

"Nearly 10% of automotive parts sold worldwide are counterfeit."

Sources Icon

Statistic 11

"Global losses from counterfeit electrical goods reach $169 billion per year."

Sources Icon

Statistic 12

"Almost 70% of all counterfeit goods seized worldwide originate from East Asia."

Sources Icon

Statistic 13

"Around 96% of counterfeit goods in the US are from China and Hong Kong."

Sources Icon

Statistic 14

"The counterfeit cigarette industry costs governments around $40-$50 billion annually in lost tax revenue."

Sources Icon

Statistic 15

"The counterfeit smartphone industry was worth nearly $48 billion in 2021."

Sources Icon

Statistic 16

"The global value of counterfeit and pirated goods could reach $2.3 trillion by 2022."

Sources Icon

Statistic 17

"Apple and Samsung products are the main target of high-tech counterfeiting operations."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!