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Rise of energy prices

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Rise of energy prices

The international moving industry has been facing a series of crises: the Covid pandemic with its many aftermaths; the supply chain and shipping crisis; and now the global spike in energy prices. All of this has a direct effect on our business.

We understand that this is difficult to explain to clients and business partners, so we are publishing an open letter, written by FIDI to explain the rise in energy prices and how it impacts the international moving business.

In this open letter, FIDI Secretary-General Jesse van Sas said the World Bank expected energy prices to rise 50 percent this year compared to 2021, with diesel, oil, and coal among the commodities which will see substantial rises.

He added that, while forecasts then point to prices falling in 2023 and 2024, they are expected to stay higher than average. The ongoing war in Ukraine has added complexity and could add volatility and further inflationary pressure on prices.

The following infographic highlighting some of the key energy price trends.

 

You can read and download the full letter here:

FIDI’s energy price infographic can be downloaded here:

A full dataset for this infographic can be downloaded here:

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