In 2024, the production capacity of China's carbon fiber industry will continue to grow at a relatively fast pace!

In 2024, the domestic carbon fiber output was approximately 59,000 tons, representing a year-on-year growth of 8.2%. Driven by the recovery of downstream demand and a significant increase in export volume, although the output continued to grow, the growth rate kept slowing down. In 2024, China's carbon fiber imports were approximately 16,000 tons, increasing slightly by 2.2% year-on-year. After experiencing a sharp decline in 2023, the import volume of carbon fiber remained relatively stable, and the imported products were mainly used to fill the gaps in high-end application fields where there were still technical deficiencies. With the continuous increase in production and the steady improvement in quality, domestic carbon fiber enterprises are actively expanding overseas markets. Domestic carbon fiber, which has a more competitive price, is accelerating its penetration into the international market. In 2024, the export volume of carbon fiber increased by 119.9% year-on-year to a historical high of 15,000 tons, exceeding 10,000 tons for the first time, and the import and export pattern has undergone a dramatic change.