Macadamia Nuts Price Trend and Forecast 2026-2027

Macadamia nuts are a tree nut traded in shell and as kernel, graded by size and appearance. They are used in snacks, confectionery, bakery, ice cream and cosmetic oils. South Africa, Australia, Kenya, China and the United States are the principal producers, while the United States, Europe and China are the principal importing markets.

Pricing has diverged by indicator in 2026. The global average rose from USD 6,579 per tonne in the fourth quarter of 2025 to USD 6,753 in the first quarter and USD 6,931 in the second, an increase of about 5 percent. South African whole kernels were set at USD 14,100 per tonne for the 2026 crop, up 4.4 percent, while halves and pieces fell 8.7 percent to USD 9,040, and the European Union average import price was 5.3 percent lower through early September.

Macadamia Nuts Prices in October 2026

As of the latest quarterly assessment, macadamia nuts are benchmarked at about USD 6,931 per tonne globally, with the United States at USD 8,123, Australia at USD 7,412, South Africa at USD 6,538 and Kenya at USD 6,089.

• Larger crops: South African production is forecast at 93,000 to 95,000 tonnes in shell and Australian production at 56,000 to 58,000 tonnes, and the global crop is estimated to be 11 to 20 percent larger, which has placed kernel prices under pressure.
• Chinese tariff removal: China confirmed in February 2026 that its 12 percent duty on South African in-shell and kernel macadamias is now zero, which improves access to the largest Asian market and supports export demand.
• European stocks: European Union imports reached 6,835 tonnes from January to early September, up 11.8 percent, and stocks are higher after record imports in 2025, while buyers cover only two to three months ahead.
• Currency strength: A stronger rand is expected to reduce South African on-farm income by about 15 percent, and a stronger Australian dollar is pressuring export prices from Australia in United States dollar terms.

Supplier news: The Australian Macadamia Society revised its crop forecast down in July to 56,888 tonnes from 59,080 tonnes, and Kenya's in-shell export ban has left about eight trading companies closed, which supports prices in the short term, while larger South African and Australian crops should moderate them over the long term.

Macadamia Nuts Price Forecast for 2026

Supply and demand should stay moderately tight through H2 2026, with the harvest-season weather running a bit tighter than usual across several producing regions. Australia and the US both kept the premium snack-food demand steady through H1, and that's likely to continue. Kenya's export volumes kept building as well, while South Africa's large production base kept it the most affordable of the four. None of the four markets we track is showing signs of genuine disruption heading into the back half of the year.

Buyers should keep an eye on cracking and processing capacity specifically, since the technically demanding conversion from in-shell nuts to finished kernels can create bottlenecks independently of how the underlying harvest itself performs.

The premium snack and confectionery demand cycle bears watching too, since macadamia's positioning at the high end of the tree-nut category has generally kept it more insulated from broader commodity-nut price pressures than more widely planted alternatives.

What could push prices higher? A weaker-than-expected harvest in any of the major producing regions, or stronger-than-usual premium snack-food demand. What could pull them lower? A stronger harvest than currently expected across the major producing regions.

For the Quarter Ending June 2026

Macadamia Nuts Prices Q2 2026:

• South Africa: USD 6,538/MT
• Australia: USD 7,412/MT
• Kenya: USD 6,089/MT
• United States: USD 8,123/MT

Macadamia Nuts Prices in South Africa

South Africa's macadamia growers saw firm export demand this quarter, and the gain came to 2.6%, USD 6,371/MT to USD 6,538. That kept South Africa comfortably the most affordable of the four markets given its scale of production.

Why did the price of Macadamia Nuts change in Q2 2026 in South Africa?

The export demand stayed firm, and the harvest-season weather ran a bit tighter than usual across the harvest window.

Macadamia Nuts Prices in Australia

Australia climbed 2.6% to USD 7,412/MT, the established premium demand continuing to hold steady through the period.

Why did the price of Macadamia Nuts change in Q2 2026 in Australia?

The established premium demand held steady, and that alone explains most of the move here.

Macadamia Nuts Prices in Kenya

Kenya gained 2.6% to USD 6,089/MT, the growing export volumes continuing to build through the period.

Why did the price of Macadamia Nuts change in Q2 2026 in Kenya?

The export volumes kept building, and the harvest-season conditions firmed alongside them.

Macadamia Nuts Prices in United States

USD 8,123/MT. That's where the US landed in Q2, up 2.7% from USD 7,906 in Q1. The premium snack-food demand stayed firm, and the tighter harvest conditions pushed things higher.

Why did the price of Macadamia Nuts change in Q2 2026 in United States?

The premium snack-food demand held its ground, and the tighter harvest-season conditions are really what's keeping the US premium as wide as it is.

For the Quarter Ending March 2026

Macadamia Nuts Prices Q1 2026:

• South Africa: USD 6,371/MT
• Australia: USD 7,227/MT
• Kenya: USD 5,934/MT
• United States: USD 7,906/MT

Macadamia Nuts Prices in South Africa

South African macadamia nuts rose 2.6% to USD 6,371/MT, the export demand firming as the year opened.

Why did the price of Macadamia Nuts change in Q1 2026 in South Africa?

The export demand firmed as the year opened, and the harvest-season outlook tightened right alongside it.

Macadamia Nuts Prices in Australia

Australian macadamia nuts gained 2.6% to USD 7,227/MT, the premium demand firming with the new year.

Why did the price of Macadamia Nuts change in Q1 2026 in Australia?

The premium snack-food demand firmed with the new year, tracking the confectionery-sector buying closely.

Macadamia Nuts Prices in Kenya

Kenyan macadamia nuts climbed 2.6% to USD 5,934/MT, the export demand building through the quarter.

Why did the price of Macadamia Nuts change in Q1 2026 in Kenya?

The export demand built through the quarter, and the harvest-season conditions firmed alongside it.

Macadamia Nuts Prices in United States

US macadamia nuts rose 2.8% to USD 7,906/MT, the premium snack-food demand building through the quarter.

Why did the price of Macadamia Nuts change in Q1 2026 in United States?

The premium snack-food demand built through the quarter, tracking the confectionery-sector activity closely.

Quarterly Macadamia Nuts Price Trends

The global average climbed steadily across the window, from USD 6,200/MT in Q1 2025 to USD 6,931 by Q2 2026, a net gain of about 11.8%. Every quarter posted a gain here, reflecting the tighter harvest-season conditions and the steady premium snack-food demand across every market we track, with the pace of the gains picking up noticeably in the most recent two quarters. That kind of steady, uninterrupted climb is worth noting, since it stands in contrast to how choppy some other commodities in this space have looked over the same period.

What was Macadamia Nuts Price in 2025?

2025 was a steadily firming year for macadamia nuts. Starting near USD 6,200/MT in Q1, the global average finished 2025 at USD 6,579, a gain of about 6.1%. The premium snack-food demand held consistent all year across every market we track, before the pace of gains stayed just as strong once 2026 got underway. The consistency of that pattern across all four regions makes this one of the more predictable premium tree-nut markets we track.

Macadamia Nuts Prices in South Africa in 2025

South African prices moved from about USD 5,850/MT in Q1 2025 to USD 6,207 by Q4, up roughly 6.1%. The export demand held steady all year, and South Africa stayed the most affordable of the four markets throughout.

Macadamia Nuts Prices in Australia in 2025

Australian prices climbed from USD 6,650/MT in Q1 to USD 7,046 by Q4, a 6.0% gain, tracking the steady premium demand.

Macadamia Nuts Prices in Kenya in 2025

Kenyan prices rose from USD 5,450/MT in Q1 to USD 5,783 by Q4, up 6.1%, as the export volumes kept building through the year.

Macadamia Nuts Prices in United States in 2025

US prices moved from USD 7,250/MT in Q1 to USD 7,694 by Q4, a 6.1% gain, the highest absolute price throughout the four markets on the steady premium snack-food demand.

How We Can Help

Expert Market Research: Your Source for Real-Time Macadamia Nuts Price Intelligence

We keep a continuous eye on the macadamia nut prices wherever they're grown or consumed at scale, tracing causation through the harvest-season weather across the major producing regions, the premium snack-food and confectionery demand, and the cracking and processing capacity available to convert in-shell nuts into finished kernels. Our analysts track the specialized processing infrastructure closely, given how technically demanding the shell-cracking step is compared to most other tree nuts. We also flag any material shift in the underlying feedstock or trade-logistics conditions as soon as it becomes apparent. Need pricing data, bespoke market analysis, or procurement advisory? Reach out to our team.