Modeling how thermoplastic composites are processed using thermoforming is a challenging task, and not only due to the heterogenic nature of the material. During the thermoforming processes, the polymeric matrix has to be heated above the softening temperature, enabling the composite to be formed into three-dimensional parts. As the system mobility increases, thermal deconsolidation takes place, and voids are created or expand within the composite sheet. These voids alter the sheet's material properties and aesthetic characteristics. The formation of gas-filled voids in the material hinders the heat transport, resulting in longer heating times and inefficient processes. Moreover, such voids invalidate models widely used for processing thermoplastic composites. This study resulted in a novel analytical model that can be applied to calculate the anisotropic thermal conductivity of thermoplastic composites depending on the deconsolidation temperature and the fiber orientation. The model was validated by running hot disk tests on polypropylene reinforced with glass fibers (PP/GF) and applying X-ray computed tomography to the composite samples. The samples are first consolidated in a hot-plate press and consecutively deconsolidated in a pressure-free process. The study findings show that the model is highly accurate within the temperature range relevant to composite processing and will be a useful asset in process modeling.