Competitive analysis
-Appearance: Indian cardamom tend to have a stronger flavor, and the green color is lasting longer than the Guatemalan Cardamom. Guatemalan Cardamom has smoother skin and mild flavor, and premium quality.
-Value chain: Indian value chain is regulated by the Indian Spice board, which provides an e-auction system for wholesalers and exporters, so there is less speculation than the Guatemalan market where at least 2 middlemen exist between players.
-Consumption: As India consumes 98% of the total production, export prices fluctuate depending on the domestic market situation whereas Guatemala exports 100% of the cardamom produced
Price trends
-Guatemalan cardamom prices used to be 30-40% less than Indian cardamom before the Pandemic era, but nowadays Guatemalan cardamom is slightly more expensive.
-Guatemala: wholesale price at USD 20/kg (Aug 4th, 2021)
India: FOB price at USD 17.5/kg (Aug 5th, 2021)