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	<title>counterfeit Archives - Cross-Border Magazine</title>
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		<title>EUIPO: 1 in 3 Europeans are buying counterfeit products</title>
		<link>https://cross-border-magazine.com/1-in-3-europeans-are-buying-counterfeit/</link>
		
		<dc:creator><![CDATA[Frank Calviño]]></dc:creator>
		<pubDate>Thu, 15 Jun 2023 17:26:52 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[counterfeit]]></category>
		<category><![CDATA[Europe]]></category>
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					<description><![CDATA[<p>According to the European Union Intellectual Property Office (EUIPO) 1 in 3 Europeans are buying counterfeit products. The rise of counterfeits comes as technology makes it easier to buy and...</p>
<p>The post <a href="https://cross-border-magazine.com/1-in-3-europeans-are-buying-counterfeit/">EUIPO: 1 in 3 Europeans are buying counterfeit products</a> appeared first on <a href="https://cross-border-magazine.com">Cross-Border Magazine</a>.</p>
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<p class="wp-block-paragraph">According to the European Union Intellectual Property Office (EUIPO) 1 in 3 Europeans are buying counterfeit products.</p>



<p class="wp-block-paragraph">The rise of counterfeits comes as technology makes it easier to buy and sell products online. So counterfeit consumption remains a battleground in Europe. For one in three Europeans, it is acceptable to buy such products when the original price is high.&nbsp;</p>



<p class="wp-block-paragraph">However, this figure rises to half for young consumers aged between 15 and 24, according to a new study by the European Union Intellectual Property Office (EUIPO).&nbsp;</p>



<p class="wp-block-paragraph">This is one of the main conclusions of this research, carried out among 25,824 people over 15 years of age residing in the Member States of the European Union.</p>



<h2 class="wp-block-heading">Bulgaria, Spain and Ireland are the top three of Europe’s counterfeit&nbsp;&nbsp;</h2>



<p class="wp-block-paragraph">13% of Europeans surveyed say they have intentionally bought counterfeits in the last 12 months. This figure rises to 26% in the 15-24 age group, double the EU average. On the other hand, in the case of 55-64-year-olds, it falls to 6% and less than 5% among the over-65s.</p>



<p class="wp-block-paragraph">In the case of Spain, the figure stands at 20%, above the European average. This means that Spain is the second country in the European Union where most counterfeits have been acquired intentionally, behind Bulgaria with 24%. It is followed by Ireland (19%), Luxembourg (19%), and Romania (18%). The lowest rate is in Finland (8%).&nbsp;</p>



<p class="wp-block-paragraph">Among the most mentioned reasons to stop buying counterfeits, the main one is that the original products have a lower price, with 43% of the opinions.&nbsp;</p>



<p class="wp-block-paragraph">Otherwise, they would not do it. The risk of negative experiences, such as poor quality goods for 27% of people, safety risks for 25%, and penalties for 21%, is also a key factor for consumers to stop buying counterfeits.</p>
<p>The post <a href="https://cross-border-magazine.com/1-in-3-europeans-are-buying-counterfeit/">EUIPO: 1 in 3 Europeans are buying counterfeit products</a> appeared first on <a href="https://cross-border-magazine.com">Cross-Border Magazine</a>.</p>
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