From factories to fairs, the epidemic has put the entire value chain of the fashion business in check, and its impact is still uncertain.

Vietnam recorded a 9.6% increase in its fashion exports to North America while Bangladesh’s sales to the US market plummeted by 1.8% in the last year.

As of mid-August, the Asian country will have to apply charges on exports of certain clothing and footwear products.

From the 413 million tons of cellulose fiber that is produced annually, 184 million tons come from virgin wood fiber. 

Logistic restrictions have been implemented due to the epidemic put production and shipments in check from the largest clothing factory in the world. The country exports 157.8 billion dollars in clothing each year.

American fashion groups have gone from having a 50% share in the top ten fashion retailers to 40% according to the Global Powers of Retailing, which features 250 largest retailers across the world.

Groups like Nike, Burberry or Capri, which have one of their main markets in China, have already anticipated the impact that the crisis will have on their annual accounts. 

In the eurozone countries, last year, the sector recovered with a 0.3% growth following the drop in 2018, according to data from the European statistical agency Eurostat.

The retail fashion commerce in Europe suffers a year-on-year drop of 0.2% in December, according to Eurostat data.

Last week, France announced that it will ban companies in the fashion sector from destroying unsold items. The French Government follows in the footsteps of the United Kingdom or the city of New York.