Here we investigate coherent competition and control between three-wave mixing (TWM) and four-wave mixing (FWM) in a cyclic three-level superconducting quantum system. In the weak control-field regime, strong competition leads to an alternating oscillation between TWM and FWM signals and this oscillation is a signature of strong energy exchange between these two nonlinear processes. In particular, such oscillation is absent from conventional multi-wave mixing in atomic systems. Surprisingly, synchronous TWM and FWM processes are demonstrated in the strong control-field regime and, at the same time, their efficiencies can be as high as 40% and 45%, respectively. Our study shows that these competitive behaviors between TWM and FWM can be manipulated by tuning the control-field intensity.