A formable fiber-reinforced composite having an inner core of fiber-reinforced composite surrounded by a sheath of fiber-reinforced composite material. The inner core of fiber-reinforced composite has a plurality of longitudinally extending fibers disposed in a resin matrix material and formed in the shape of a rod. The sheath has woven or braided fibers impregnated with a resin matrix material in the form of a sleeve. A method of manufacturing the formable fiber-reinforced composite material is provided. The longitudinally extending fibers in resin matrix material is cured to provide a solid rod. A sheath is placed around the rod. The rod with sheath is treated (e.g., heat, chemical solution, or both) to remove the resin matrix material. Thereafter, the rod and sheath are impregnated with a resin matrix material. The resin is left uncured or partially cured to provide a formable fiber-reinforced composite material. The formable material may be flattened.