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The phrase "a decrease in demand" is correct and usable in written English.
It can be used in contexts related to economics, business, or market analysis when discussing changes in consumer behavior or market conditions.
Example: "The recent economic downturn has led to a significant decrease in demand for luxury goods."
Alternatives: "a drop in demand" or "a decline in demand."
Exact(27)
Shares of Microsoft -- which also said it expected a decrease in demand for personal computers -- fell $3.39, to $69.18.
In the long term, TEPCO foresees a decrease in demand for their power service and increased competition among utility companies.
In late 2011 and early 2012, the price dropped down significantly due to a decrease in demand (Onstad, 2012).
A shift to the left indicates a decrease in demand, while a movement to the right an increase.
I wonder what will happen if our real estate markets take a downturn, with softer prices and a decrease in demand for rentals, co-ops and houses.
"We may see a shift in the companies sending their children to school," he said, "but there has not been a decrease in demand".
Similar(33)
In both stillage treatment methods, reducing the energy demand goes along a decrease in water demand.
There might, for example, be an increase in household saving that is, a decrease in the demand for current consumption goods and an increase in the planned demand for future goods.
The temporary increase in the demand for primary treatment in the first years will be followed by a decrease in the demand for treating women with advanced disease.
Despite observing a decrease in the demand for nurses in the labour market during economic downturns, nursing stakeholders should keep in mind that the demand for nurses will eventually increase upon economic recovery.
Despite a decrease in the demand for lodging, Marriott added about 31,000 rooms last year.
More suggestions(3)
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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