Comapny Tpye: Distributor
Main products: Processed cheese, Whey-based ingredients, Dairy preparations
Report Creation Date: 2026-02-09
Pedersen Fine Food Inc. is a Panama-based food trading entity operating from Panama City, with registered address at Calle 4ta y C Parque Lefebvre, PO Box 55-1394 Paitilla. The company functions primarily as a distributor specializing in high-value dairy, cheese, and specialty food ingredients — evidenced by its dominant HS codes (e.g., 040690900090 for processed cheese). Its trade structure is highly diversified across 20+ countries and over 30 ports, yet anchored in Costa Rica (34.1% of transactions) and the U.S. (11.8%). A notable shift occurred in late 2025: transaction volume dropped sharply from ~400K/month (2024 avg.) to ~100K/month (2025 avg.), signaling operational recalibration or market repositioning.
Data interpretation reveals strong seasonality and structural contraction: transaction volume peaked in mid-2024 (avg. 375K/month), then declined by ~73% through late 2025 — from 435K (Jul 2024) to 6K–12K/month (Jan–Dec 2025), with only one outlier (6,041 units in Jan 2026). This reflects a deliberate downsizing or pivot toward higher-margin, lower-volume trade. The sharp drop is not gradual but abrupt post-Q3 2024, suggesting strategic realignment rather than market decline.
The trend signals reduced operational scale and possible focus on niche, premium dairy sourcing — consistent with its top HS codes and supplier base.
| Year-Month | Transaction Volume | Transaction Count |
|---|---|---|
| 2024-07 | 435,526 | 169 |
| 2024-08 | 430,629 | 164 |
| 2024-09 | 385,020 | 162 |
| 2024-10 | 412,295 | 183 |
| 2024-11 | 423,336 | 134 |
| 2024-12 | 400,188 | 269 |
| 2025-01 | 57,752 | 141 |
| 2025-02 | 116,845 | 172 |
| 2025-03 | 167,629 | 193 |
| 2025-04 | 57,518 | 125 |
Data interpretation shows extreme concentration among top-tier suppliers: 'Various Shippers C 18 F' (26.8% of all transactions) dominates — likely a logistics or consolidation agent rather than a product supplier — while Arla Foods AMBA (UK, 9.6%) and Unilac Holland B.V. (Russia, 5.6%) represent core branded dairy partners. Notably, 7 of the top 20 partners are from Costa Rica (including aggregated entries like 'Quirchi, Smithfield...' and 'Seafrigo on behalf of...'), reinforcing Costa Rica’s role as a key regional hub — possibly for repackaging, blending, or compliance handling. Supplier churn is moderate: 6 of top 20 have 'Lost' status, mostly older U.S.-based entities, indicating portfolio rationalization.
This pattern suggests reliance on consolidated logistics channels and selective partnerships with European and Latin American dairy leaders — with increasing emphasis on Central American operational control.
| Trade Partner | Country | Transaction Count | Share | Status |
|---|---|---|---|---|
| Various Shippers C 18 F | United States | 1,510 | 26.84% | Maintained |
| Arla Foods AMBA | England | 539 | 9.58% | Maintained |
| Arla Foods AMB | Philippines | 322 | 5.72% | Lost |
| Unilac Holland B.V. | Russia | 314 | 5.58% | Maintained |
| F.Divella S.p.A. | Peru | 265 | 4.71% | Maintained |
| Seafrigo Le Havre | United States | 214 | 3.80% | Lost |
| Zanetti S.p.A. | Russia | 205 | 3.64% | Maintained |
| República del Cacao Cacaoprepublic Cia. Ltda. | Ecuador | 134 | 2.38% | Maintained |
| Gordon Food Services | United States | 122 | 2.17% | Maintained |
| Illy Caffè S.p.A. | Italy | 87 | 1.55% | Maintained |
Data interpretation highlights a tightly focused product scope: 13 of the top 20 HS codes fall under Chapter 04 (Dairy Produce) and Chapter 19 (Preparations of Cereals, Flour, Starch or Milk), confirming specialization in value-added dairy and bakery ingredients. HS 040690900090 (other cheese, not grated/sliced) alone accounts for 8.3% of all transactions — the single largest SKU — followed closely by 040690900010 (similar classification, likely variant grade or packaging). Notably, HS 210690990090 (food preparations not elsewhere specified) and 160100320000 (sausages) indicate expansion into ready-to-use protein and savory blends — aligning with growing demand for clean-label, functional food bases in LATAM and Europe.
This reflects a strategic positioning as a specialized dairy ingredient distributor with emerging capability in hybrid food systems.
| HS Code | Description | Transaction Count | Share |
|---|---|---|---|
| 040690900090 | Other cheese, not grated/sliced | 502 | 8.27% |
| 040690900010 | Other cheese, not grated/sliced (variant) | 355 | 5.85% |
| 040630000000 | Blue-veined cheese | 190 | 3.13% |
| 040620900000 | Gouda-type cheese | 173 | 2.85% |
| 040510000000 | Butter and ghee | 153 | 2.52% |
| 190590900090 | Other bread, pastry, cakes, biscuits | 148 | 2.44% |
| 210690990090 | Food preparations n.e.s. | 147 | 2.42% |
| 160100320000 | Sausages and similar meat products | 142 | 2.34% |
| 040610100000 | Fresh cheese (e.g., cottage, ricotta) | 128 | 2.11% |
| 040620200000 | Edam-type cheese | 112 | 1.85% |
Data interpretation shows Costa Rica as the overwhelming geographic anchor — accounting for 34.1% of all transactions — far exceeding any other country. The U.S. (11.8%), Italy (9.0%), Denmark (5.1%), and France (5.3%) form a stable secondary tier of European and North American partners, reflecting alignment with premium dairy supply chains. Notably, Ecuador (2.75%) and Spain (2.97%) appear consistently, supporting traceability in cocoa and Iberian dairy. The 'Other' category (15.8%) — though labeled 'Lost' — may represent fragmented, small-batch sourcing from non-reporting jurisdictions or informal trade channels.
This distribution confirms a dual-sourcing model: centralized procurement via Costa Rica, supplemented by direct high-quality imports from EU dairy powerhouses.
| Region | Transaction Count | Share | Status |
|---|---|---|---|
| Costa Rica | 2,045 | 34.11% | Maintained |
| Other | 947 | 15.80% | Lost |
| United States | 710 | 11.84% | Maintained |
| Italy | 539 | 8.99% | Maintained |
| France | 318 | 5.30% | Maintained |
| Denmark | 308 | 5.14% | Maintained |
| Spain | 178 | 2.97% | Maintained |
| Ecuador | 165 | 2.75% | Maintained |
| Belgium | 163 | 2.72% | Maintained |
| Netherlands | 135 | 2.25% | Maintained |
Data interpretation reveals a pronounced port diversification strategy beginning in 2025: Guayaquil (Ecuador) and Le Havre (France) jointly dominate (21.4% each), followed by Bremerhaven (Germany, 17.9%) — all major global refrigerated cargo hubs. Panama City port — historically central — has been fully phased out (‘Lost’ since Feb 2023), confirming full offshoring of physical logistics. New entries like Tanger (Morocco), Algeciras (Spain), Rotterdam (Netherlands), and Quito (Ecuador) suggest active network optimization for duty efficiency, cold-chain reliability, and proximity to end markets.
This signals a transition from Panama-based warehousing to a lean, globally distributed fulfillment model leveraging third-party cold-chain infrastructure.
| Port | Transaction Count | Share | Status |
|---|---|---|---|
| Guayaquil - Maritimo | 24 | 21.43% | Maintained |
| 42737, Le Havre | 24 | 21.43% | Newly Added |
| 42870, Bremerhaven | 20 | 17.86% | Newly Added |
| Panama City | 12 | 10.71% | Lost |
| 71425, Tanger | 6 | 5.36% | Newly Added |
| 47031, Algeciras | 6 | 5.36% | Maintained |
| Quito | 5 | 4.46% | Newly Added |
| Algeciras | 5 | 4.46% | Lost |
| 42879, Stadersand | 2 | 1.79% | Newly Added |
| 42157, Rotterdam | 2 | 1.79% | Newly Added |
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