The UK loses £218 million every year from counterfeit wine and spirits

Just under £220 million is lost from the UK economy each year thanks to counterfeit wines and spirits entering the market, according to new research.

 

Wines from DRC in Burgundy are one some the most frequently faked

The UK loses billions of pounds each year due to counterfeiting, with wine and spirits such as vodka and Scotch key targets for fakers, according to a study published by the European Union’s Intellectual Property Office (EUIPO).

The EU body estimated lost sales in 13 sectors as a result of counterfeiting, from clothing to wine and spirits, back in 2016.

These losses came to more that €100 billion per year, according to the findings.

EUIPO is a decentralised agency of the EU, based in Alicante, Spain.

These figures form part of a cycle of research work focused on counterfeit consumer goods, carried out by the EUIPO over the past 5 years.

Because of the high value associated with IPR, infringement of those rights is a lucrative criminal activity, which generates significant costs to the rights owners and to the economy in general.

The UK loses almost 57,749 jobs each year due to counterfeiting, and 8.1 % of direct sales across all 13 sectors examined.

Last year, 50 million litres of counterfeit alcohol was seized by HMRC.

Fake spirits such as counterfeit vodka, which may include anti-freeze, cleaning fluid, charcoal and/or nail varnish remover, can lead to black outs, blurred vision, short-term sight loss and even death in extreme cases.

Around £218 million is lost annually thanks to fake products in the wine and spirits sector, with Scotch whisky a notable target of counterfeiters.

At the end of 2016, fake Scotch whisky bottles worth close to a total £1 million were removed from the market in what one broker called “just the tip of the iceberg”.

One Response to “The UK loses £218 million every year from counterfeit wine and spirits”

  1. Kalyani says:

    May be they may like to use the anti-counterfeit technology from Neurotags.com, which eliminates counterfeit in Wine and Spirit industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Supply Chain Assistant

Speciality Drinks
London NW10 7SF, UK

On-Trade Regional Sales Manager

Anthony Byrne Fine Wines
West Midlands & Northants

Supply Chain Co-ordinator

Speciality Drinks
London NW10 7SF, UK

Logistics Team Leader

Speciality Drinks
London, UK

Key Account Executive

Berkmann Wine Cellars
London, UK

Assistant Operations Manager

Speciality Drinks
London, UK

London Business Development Manager

Vine Distribution Services
Chelmsford, UK

Off-Trade Account Manager

Justerinis & Brooks
London, UK

Sales Account Manager x 2

Berkmann Wine Cellars
London, UK

Wine Sales Development Manager

Fuller's
London, UK

Vinitaly 2019

Verona,Italy
7th Apr 2019

The Wine & Spirits Show

London,United Kingdom
12th Apr 2019

Vinexpo Bordeaux

Bordeaux,France
13th May 2019
Click to view more

The Global Riesling Masters 2018

View Results

Rioja Masters 2018

View Results

Click to view more