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The phrase "a declining share" is correct and usable in written English.
It can be used to describe a situation where a particular entity's portion or percentage of a market, resource, or other measurable aspect is decreasing over time.
Example: "The company's profits have been affected by a declining share of the market due to increased competition."
Alternatives: "a shrinking share" or "a diminishing share".
Exact(60)
So, we're seeing a declining share.
Physical assembly accounts for a declining share of the value of finished goods.
For many shareholders, stuck with the reality of a declining share price, that may seem unfair.
As the country has grown richer, its manufacturers have accounted for a declining share of employment.
Of students who are sexually active, a declining share report having had four or more partners.
In keeping with recent trends, Islamist parties received a declining share of the vote.
"Natural resources accounts for a declining share of the state's economy," he said.
How? Actively managed funds do hold a declining share of a firm's assets.
Applications of environmental patents increased gradually but had a declining share of all the patents in the last two decades.
But others, worried about an eroding identity and a declining share of the market, ask whether this time is different.
Messrs Primus and Dupree are careful to talk only of a declining share of children living with single mothers.
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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