Value of Textiles

What is Textile Value?

Determining the value in textile, clothing, footwear and allied industries is subject to personal interpretation (called perceived value); but can also be measure objectively and expressed as a monetary or significant resource value.

Factors Contributing to Textile Value Perceived value Heirloom Vintage Handcrafted Unique Designer label Technologically advanced Cultural value Religious significance Social significance Economic value

Perceived Value Is the value that a buyer subjectively attaches to a textile item. This type of value depends on how the consumer feels about the textile item. It is a personal taste or desire that drives the evaluation of worth of that particular textile item.

ACTIVITY Write one example of an item that you perceive as valuable but others may not.

Heirloom An heirloom textile product usually refers to an object past down from generation to generation. It is often of worth only due to sentimental value.

ACTIVITY Give an example of a textile item that could be passed down within a family.

Vintage Vintage clothing refers to items that were in fashion several decades earlier that the present day. Vintage textiles is a relatively new niche market in the ATCFAI. The value of vintage style clothing is increasing due to high demand.

Hand Crafted Handcrafted textile items are considered of great value because they are usually not mass produced. This makes them traditionally more unique and therefore special to the owner. You MTP is considered a hand crafted item.

Unique Items that are distinctive, quirky or unusual are usually highly valued, especially by collectors.

Designer Label Designers have a long association with consumers and the perceived value of textile items. Wearing a ‘label’ has a high prestige in society. Designer labels are popular in contemporary textiles and collectors often search for labels from specific designers to complement or add to their personal collections.

ACTIVITY List as many textile designers as you can think of.

Technologicall y Advanced Innovation is the key to successful marketing practises in the ATCFAI. Textile materials manufactured primarily for their technical performance and functional properties, rather than their aesthetic or decorative characteristics, are considered technical textiles.

Cultural Textiles Culture refers to a system of shared beliefs, values, customs, behaviours and artefacts that are uniquely transmitted for generation to generation. The cultural value of a textile item is determined by how it relates to the historical, social and contemporary perspectives of a particular group of people.

They may be worn to express a common religious or spiritual belief or to signify a national or regional identity.

Religious significance Textile media are often used to create symbols, clothes, costumes, accessories or dress that reflect the moral codes, practises and institutions associate4d with particular belief systems.

Social Significance Social significance refers to how we view textiles and textile products