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The phrase "a drop in demand" is correct and usable in written English.
It can be used to describe a decrease in the quantity of a product or service that consumers are willing to purchase.
Example: "Due to the recent economic downturn, there has been a noticeable drop in demand for luxury goods."
Alternatives: "a decline in demand" or "a decrease in demand."
Exact(58)
For the most part, the fall in trade reflected a drop in demand.
Funnily enough, beef prices have also risen, by 4%, despite a drop in demand.
Retailers, responding to a drop in demand for lens care products, have been reducing inventories.
In other industries, high prices often lead to a drop in demand, lowering prices.
The truck unit has been hurt by a drop in demand as the economy slowed.
That could cause a drop in demand for goods and services that would slow economic growth.
"South America is also forecast to record a drop in demand".
Why did the CIVC set yields so high in 2008, they ask, when a drop in demand was looming?
"What they have now is an ongoing concern with competitors, and a drop in demand from the public sector".
The floods affected the manufacture of hard disk drives, and this shortfall caused a drop in demand for other components.
Many commentators are predicting a drop in demand following the rush, and price falls in some parts of the country.
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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