Spain occupies a worrying 10th place in the world economies where Industrial Property rights are infringed. 6.8 billion euros in annual sales are lost due to counterfeiting (10.6% of annual sales) and 53,467 jobs in the 11 sectors analysed according to the latest EUIPO study. See the Report and Infograph.
The sector most affected by this phenomenon is the “clothing” sector where 3.8 billion euros/year are lost, 14.9% of total sales. This is followed by medicines, cosmetics, wines and spirits and smartphones.
While in products such as beverages, food, cosmetics, pharmaceuticals or car components consumers appreciate that they can be harmful to their health and safety, in luxury goods the general public does not perceive as many negative effects from counterfeiting, as they consider them less necessary (leather goods and textiles are the sectors most affected by this problem). However, the drivers of counterfeiting in terms of loss of social rights, mafias and human trafficking are aspects that do impact public opinion. Contributing positively towards these networks by simply purchasing a counterfeit product is a thoughtful exercise that can be encouraged, as is the loss of your rights as a consumer if you purchase counterfeit products.
In the past, most counterfeit products were luxury goods such as expensive handbags, but today products of all kinds are counterfeit, from toys, batteries and perfumes to medicines.