Carbon Fibre Price Trend and Forecast

Carbon Fibre Regional Price Overview

Get the latest insights on price movement and trend analysis of Carbon Fibre in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Carbon Fibre Price Trend for the First Half of 2024


Carbon fibres or CFRP (Carbon fibre-reinforced plastics) are high-performance materials made from organic polymers like polyacrylonitrile with long chains of molecules bound together by carbon atoms. They are known for their exceptional strength-to-weight ratio, stiffness, and resistance to fatigue and corrosion. During the first half of the year 2024, carbon fibre prices were found to be fluctuating for the entire six months span.

Carbon Fibre Price Chart

Carbon Fibre Price Trends

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Prices started slowly at the beginning of the first quarter in 2024 in January, since the New Year holiday season had kept the demands in check. However, as the first quarter progressed further, a staggering rise in crude oil prices pulled the prices for carbon fibres up as well. This incline lasted a few months as the prices again started normalizing in the second quarter of the year. A decline in crude oil prices and stagnation in downstream demands led to price normalization in the second quarter of 2024. Overall, mixed market dynamics were witnessed for carbon fibres during the first half of 2024.


Carbon fibre prices showcased swift variations in the European markets as well during the first half of the year 2024. A tepid demand curve kept the prices dull initially at the beginning of the first quarter in Europe; however, as the Ukrainian attacks on the Russian oil refineries heated up, the oil prices started inclining in the global market, which provided some cost support to the carbon fibre prices in the European markets. Moving ahead, the second quarter of the year was more consolidated, however. The supply and demand equation got more balanced and a normalization in the crude oil sector helped the prices calm down.

North America

The overall pricing dynamic for carbon fibres was not much different in the American markets as well. After a sluggish start at the beginning of the first quarter owing to the dull downstream demands, the markets saw some upliftment with the help of upstream cost support in the middle of quarter one. However, the inventory stocks and downfall in consumer demands again pivoted the price direction downwards in quarter two. For the majority of the said period, the price remained confined and range bound. Overall, a slightly fluctuating price trajectory was witnessed.

Analyst Insight

According to Procurement Resource, the market projections look optimistic for the Carbon Fibres going forward. The prices are expected to show more improvement in the global markets after a little laid back second quarter.

Carbon Fibre Price Trend for the Second Half of 2023

Many market factors affect the cost of carbon fibre, such as demand from wind energy, automobiles, and aerospace. Additionally, the market dynamics of supply-side elements like raw material availability and production capability also exert a significant influence on the market. Carbon fibre prices are further impacted by technological developments that result in more effective manufacturing techniques and the creation of stronger and lighter carbon fibre alternatives.

During the H2 of 2023, China claimed to have achieved mass production capability for ultra-strong carbon fibre, potentially disrupting international monopolies in aerospace and defense materials and cutting down its reliance on expensive imports, thus stabilizing the carbon fibre prices in the region.

Overcoming technological obstacles and US-Japan export restrictions, China has expanded its carbon fibre industry, representing one-third of global production. Changsheng Technology's breakthrough enabled the mass production of high-performance T1000 carbon fibre, which is crucial for advanced military applications.

This development further increased the interest of overseas players in this sector and increased the rate of export volumes. However, concerns arise among US defense officials about China's stealth fighter capabilities, given the strategic importance of carbon fibre.

Beyond defense, carbon fibre demand surged in hydrogen energy and wind power sectors also, though challenges like overcapacity and anti-globalization sentiments persisted throughout the quarter. Despite uncertainties in the timeline and technological research impediments, China aims to leverage this breakthrough for industrial expansion, exemplified by four Chinese firms ranking among the top global carbon fibre producers.

Analyst Insight

According to Procurement Resource, the price of Carbon Fibre is estimated to attain stagnancy in the next quarters, with the Asian countries achieving self-dependency and raising their in-house production of carbon fibre.

Carbon Fibre Price Trend for the First Half of 2023

Carbon Fibre is primarily consumed by the manufacturing industries in the aerospace, military, and automotive sectors. So, the prices vary according to the downstream demands posed by these industries.

The Carbon Fibre market experienced mixed price sentiments throughout the said period. The prices had risen for a long time in the previous quarters owing to the high global inflation and the Russia – Ukraine conflict, which also led to an increase in demand for armed equipment.

As the manufacturing sector restarted after a long halt, the supply increased in the market, which directly impacted the Carbon Fibre price trend. Since the freight mediums started normalizing and new supply chains aided trade, Carbon Fibre prices started stabilizing. Eventually, the prices declined due to the poor purchasing potential of buyers given the rising inflation-hiked bank rates showcasing signs of recession, which further dipped the prices southwards. Overall, the Carbon Fibre prices swung on the lower end of the curve during the discussed time frame.

Analyst Insight

According to Procurement Resource, the price trend for Carbon Fibre are expected to continue fluctuating given the feeble demands and highly uncertain market dynamics.

Carbon Fiber Price Trend for the Second Half of 2022


In the Asia- Pacific region, the prices declined due to the imposed restrictions to curb the rising covid cases. The region also witnessed a plunging trend in the demand from the end-user industries and due to this the producers saw a rise in the level of inventories and were thus forced to cut operation costs.

The low demand and reduced offtakes led to the falling trajectory of the prices of carbon fibre. In the fourth quarter, due to the limited availability of feedstock the imports from Russia fell and destocking practices were followed by producers to deal with rising inventories. This kept the prices of carbon fibre on the negative side during the said period.


In the third quarter, the prices of carbon fibre remained stable as the demand from end-user rubber industries was persistent. The prices, however, suffered from the rising inflation rates and cuts in production costs but no considerable effect was seen.

The initial months of the fourth quarter were favourable for the price trend of carbon fibre as the prices increased significantly. The sudden rise was due to the increase in the cost of natural gas supply and feedstock prices. The prices, however, declined again in the last month attributing to the reduction in the profit margins by the manufacturers to increase the offtakes.

North America

The North American region saw a fall in the prices of carbon fibre as many plants were forced to shut down and domestic inventories went south. The feedstock outrages and low production rates amid dwindling demand led to a declining trajectory in the price trend of the commodity.

In the fourth quarter, the prices were somehow firm as the inflation rates and feedstock prices supported the growing prices. However, disruptions in the supply chain, fall in upstream costs, and reduced offtakes negatively impacted the price trend for carbon fibre.

Analyst Insight

According to Procurement Resource, the prices of Carbon Fiber are likely to decline in the upcoming quarters. The demand from the end-user sector seems to remain weak globally and with rising inflation the prices are expected to continue a downward trajectory.

Carbon Fibre Price Trend For the First Half of 2022

Carbon fibres are competitive and cost-effective compared to metals. Due to their excellent mechanical and chemical properties, carbon fibre demand has constantly been increasing globally. The final cost of carbon fibres not only depends on the material cost but also heavily on the manufacturing process.

The price of carbon fibres can vary depending upon the raw material used. For polyacrylonitrile(PAN)-based carbon fibre, the cost of PAN raw silk is 11.11 USD/kg, which accounts for 51% of the production cost, followed by carbonization and pre-oxidation processes which cost around 5.12 USD/kg and 3.40 USD/kg respectively. Based on a gross profit margin of 30%, the price of PAN-based carbon fibre averaged 28 USD/kg in the Chinese domestic market.

In the Chinese market, the price of domestic carbon fibre averaged 180 RMB/MT, while that of T300 grade 12K carbon fibre averaged 180-200 RMB/MT. The domestic T300 grade 24/25K carbon fibre market price averaged 150-155 yuan/kg, while that of the domestic T700 grade 12K carbon fibre market price averaged 260-270 yuan/kg. Hence, the price trend of carbon fibres remained strengthened throughout the first half of the said year.

Procurement Resource provides latest prices of Carbon Fibre. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Carbon Fibre

Carbon fibers are high performance parallel filaments of graphitic carbon with numerous applications in industrial and research fields. Carbon fiber is five times stronger than steel and twice as stiff, making it the ideal manufacturing material. Carbon fiber is made of thin, strong crystalline filaments of carbon that are used to strengthen the material. Carbon fiber can be thinner than a strand of human hair and gets its strength when twisted together like yarn. Then it can be woven together to form cloth, and if needed to take a permanent shape, carbon fiber can be laid over a mold and coated in resin or plastic.

Carbon Fibre Product Details

Report Features Details
Product Name Carbon Fibre
HS Code 68151090
Industrial Uses Aerospace, Military Equipment, Automotive Industry, Manufacturing Industries
Supplier Database Hexcel Corporation, SGL Carbon, Toray, Mitsubishi Chemical Holdings, Solvay
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Carbon Fibre Production Processes

  • Carbon Fibre Production from a Polymer via Carbonization

The process starts by drawing long strands of fibers and heating them to a very high temperature without allowing contact with oxygen to prevent the threads from burning. This is when carbonization occurs, during which the atoms inside of the fibers vibrate violently, expelling most of the non-carbon atoms. This leaves a fiber composed of long, tightly interlocked chains of carbon.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).

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