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The phrase "by almost a third" is correct and usable in written English.
It can be used to indicate a reduction or change in quantity, typically in a numerical context.
Example: "The company's profits increased by almost a third compared to last year."
Alternatives: "by nearly a third" or "by close to a third."
Exact(60)
The number of journeys on London's cycle-hire has fallen by almost a third compared to a year ago.
Deaths on country roads were down by almost a third.
Greece's economy has shrunk by almost a third.
Instead, I cut the position by almost a third.
Polio cases worldwide rose last year by almost a third.
Bertelsmann's net debt fell by almost a third €1.2bn.
British Gas profits climbed by almost a third in 2015 to £574m.
The number of such bullfighting fiestas has dropped by almost a third from 2007.
WHY have oil prices fallen by almost a third since October?
From 2010 to 2020, it is projected to increase by almost a third.
The news came as the company reported profits had increased by almost a third.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com