The latest United Nations Office on Drugs and Crime (UNODC) 2016 World Drug Report presents a long-term analysis of cocaine production, seizures and consumption that comes to a startling conclusion: the cocaine trade appears to be in decline. The report poses a question with major implications for Latin American organized crime: is the global cocaine market shrinking? Both supply and demand of cocaine are likely to always be in some state of flux as the trade responds to an array of influences that range from public policy to mafia wars.