India is eyeing record cardamom exports in 2026 as strong buying interest from Gulf countries returns to the market despite continued geopolitical tensions in West Asia. Industry sources estimate exports could reach 12,000–14,000 tonnes this season, nearly double the normal annual average, supported by robust demand from key Gulf markets ahead of festive and retail consumption cycles.
Exporters said a steep fall in production in Guatemala, the world’s leading cardamom supplier, has opened a major opportunity for Indian traders to expand their global market share. Reports indicate Guatemala’s crop output has declined by nearly 50%, tightening global supplies and pushing overseas buyers toward Indian-origin cardamom.
India’s small cardamom exports during April–January FY26 surged 132% year-on-year to 12,281 tonnes, while export earnings jumped 160% to nearly $31.9 million due to higher volumes and firm prices. Traders in Kerala’s Idukki region reported sustained export enquiries from Gulf buyers, helping auction prices remain strong despite supply concerns.
However, exporters remain cautious as tensions in West Asia and disruptions around the Strait of Hormuz continue to affect shipping schedules, freight costs and cargo movement to Gulf destinations. The Gulf region accounts for nearly 70–76% of India’s cardamom exports, making the trade highly dependent on stability in West Asian shipping lanes.