The grey market (or gray market) usually refers to the flow of new goods through distribution channels other than those authorized or intended by the manufacturer or producer. The grey market may also refer to the 50-and-over age group (a.k.a the silver streakers) in marketing terms.Grey market goods are not generally illegal. Instead, they are being sold outside of normal distribution channels by companies which may have no relationship with the producer of the goods. Frequently this form of
parallel import occurs when the price of an item is significantly higher in one country than another. This situation commonly occurs with
cigarettes and electronic equipment such as
cameras.
Entrepreneurs buy the product where it is available cheaply, often at retail but sometimes at wholesale, import it legally to the target market and sell it at a price which provides a profit but which is below the normal market price there. This practice is also known as
arbitrage.
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the importing of particular goods by firms which have not been appointed by the manufacturer as official distributors of the product; a term also used to describe the "over 60s" market for various goods and services of interest to this age group.
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