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The phrase "a decline in value" is correct and usable in written English.
It can be used when discussing a decrease in worth or importance, often in financial or economic contexts.
Example: "The report indicated a significant decline in value for the company's stock over the past year."
Alternatives: "a drop in value" or "a decrease in worth."
Exact(7)
This occurred, he says, "after shares in Enterprise Inns collapsed from 770p in 2007 to 26p in January 2012, a decline in value of 96.6%".
Mr. Tourre's defense team will counter that synthetic C.D.O.'s required someone to bet on a decline in value, a fact well known to the marketplace.
Best Buy wrote off $348 million in the quarter ended June 1 because of a decline in value of its Musicland and Magnolia Hi-Fi businesses, the company said.
At midday the Indonesian currency, the rupiah, was trading at 13,000 to 14,000 to the dollar, a decline in value of nearly half of the 8,000 it traded at just a few weeks ago.
The idea was developed by Treasury Secretary Robert E. Rubin and his aides, who want to send a message to speculators about big risks if they sell a currency or other assets in the hope of a decline in value.
Despite the slowdown in deal making — which hit Lazard especially hard because of the bank's large mergers advisory practice — the decline in profit stemmed largely from the bank's portfolio of corporate fixed-income securities, which reported a decline in value for the second consecutive quarter.
Similar(53)
Observed changes in values did not run parallel to the converging preferences, suggesting a decline in value-preference consistency.
While more than half the respondents said a decline in values had led people to be less polite, they reserved their greatest ire for parents who "failed to teach respect to their kids".
For a group that blames hip-hop lyrics for a decline in values and video games for gun violence, ignoring the destructive nature of their own pernicious hyperbole is remarkably hypocritical.
At this rate, property taxes will surpass property value increases and will, one day, lead to a decline in values because who is going to buy a home burdened with insane taxes?
By comparing pre- and post-operative values we found a decline in values post-surgery.
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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