Provided is a dielectric material (1, 2, 3, 4) to solve the problems of low production efficiency and high production cost of the existing dielectric material. The dielectric material (1, 2, 3, 4) is a tube structure. The tube wall of the tube structure is formed from a foam material foamed. The dielectric material further includes metal wires (11, 21, 31, 41). The metal wires (11, 21, 31, 41) are disposed in the longitudinal direction of the tube structure, and are evenly distributed in the tube wall of the tube structure without being in contact with each other. The dielectric material (1, 2, 3, 4) with such a structure has the advantages of simple structure, accurate control of the dielectric constant, light weight per unit volume, easy and efficient production, and stable technical indicators. Further provided is a dielectric material production method.