The transatlantic cocaine market

European cocaine seizures increased rapidly between 1998 and 2006, peaking at some 121 tons. They have dropped off sharply since then, to some 53 tons in 2009, while at most, European demand has stabilized. There have been increases in seizures in South America, but the price of pure cocaine has not increased greatly in Europe, suggesting that traffickers have found new ways of evading law enforcement. It appears that most of Europe’s cocaine enters by sea, primarily via Spain. Nearly half the cocaine seized in Europe was taken by Spanish authorities, two-thirds of which was detected in international waters and 11% in containers