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Reuters
Reuters
Entertainment
Francesco Guarascio

Europe turns into cocaine hub as multi-billion-euro market expands, EU says

European Union Cocaine Europe Belgium
FILE PHOTO: A worker pushes a cart containing cocaine before the incineration of more than nine tons of cocaine seized during different operations, according to the Ecuador's Interior Ministry, in a warehouse at an undisclosed location, in Ecuador April 21, 2022. REUTERS/Karen Toro/File Photo

Europe is increasingly becoming a hub for production and trans-shipment of cocaine to other regions of the world, in addition to being a major consumption market, EU agencies said on Friday, warning also about the expanding methamphetamine industry.

After cannabis, cocaine is the most consumed drug in Europe, with millions of users and sales of around 10.5 billion euros ($11.1 billion) in 2020, according to a joint EU report by law enforcement agency Europol and drugs agency EMCDDA.

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