Assessing the Impact of Cardamom Shortages in the Indian Market

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The Indian cardamom market witnessed a substantial increase in price in recent times. This price surge stemmed from reduced domestic production caused by inadequate rainfall, notably impacting the Idukki district, the largest cardamom-producing area in India. To mitigate this shortfall, India significantly increased cardamom imports from Guatemala in 2023. Guatemalan cardamom consistently maintained lower, positioning the country s a promising alternative supplier. The anticipated stronger El Niño phenomenon in 2024 might further impact key-producing regions, prompting close monitoring of forthcoming harvests in 2024 to gauge market trends and potential impacts

Key Takeaways

Part I - Current Market Overview

- Limited Availability in the Indian Market

- Consumers Shift to Guatemalan Cardamom

- Price Analysis

Part II - Indian Cardamom Market

- Overview

- Production

- Cultivation Area

- Seasonality

- Trade

- Key Cardamom Importers from India

Part III - Guatemalan Cardamom Market

- Overview

- Production

- Cultivation Area

- Seasonality

- Export

- Key Cardamom Exporters From Guatemala

Part IV - Market Outlook

Part V - Tridge Solutions

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