Export Performance of Small Cardamom in India
M. Karthikeyan1* and V. Banumathy2
Department of Agricultural Economics, Faculty of Agriculture, Annamalai University - 608 002 (India) Corresponding author*: karthikknmurali@gmail.com
ABSTRACT
The present study was undertaken to study the export scenario of Indian small cardamom and trade direction among different trading countries using Compound Annual Growth Rate (CAGR) and Markov Chain Analysis. For this purpose, the secondary data were collected from the years 2011-12 to 2022-23 from the official website of Spice Board. The results of CAGR showed that both the quantity and value of small cardamom were increased in 2020-21. The volume of exports had an irregular trend over the past 12 years due to various causes like natural disasters, modifications in export policy, variations in production because of pests and disease, physical loss during transit, etc. The result of Markov analysis revealed that, Saudi Arabia and UAE were the most stable importers of Indian small cardamom with a probability of retention of 68 per cent and 46 per cent respectively. The UK lost a major share to Saudi Arabia at 90 per cent followed by Kuwait at 10 percent and it gained 9 per cent from USA. Australia retained its original share of up to 24 per cent. Canada has not retained its original share and it lost one hundred per cent share to UAE. Therefore, the study recommended to boost domestic production of small cardamom to enhance global trade and establishing trade partnerships with dependable countries.