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Global Cocaine Market Surges to Record Highs in 2023

Soaring coca production in Colombia met growing appetite among wealthy users to fuel cocaine’s rapid ascent ahead of other illicit drugs.

Overview

  • According to the UNODC, global cocaine production reached 3,708 tonnes of pure drug in 2023, marking a 34% increase from the previous year.
  • Cocaine seizures climbed 68% between 2019 and 2023, reflecting intensified law enforcement actions and larger shipment interceptions.
  • The number of cocaine users worldwide rose to 25 million in 2023, up from 17 million a decade earlier.
  • Organized crime networks have expanded cocaine distribution into Asia and Africa while related violence has spilled over into Western Europe.
  • ONUDC research director Angela Me warned that growing consumption among affluent social circles is driving a vicious cycle of higher production and use.