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The phrase "a favourable appreciation" is correct and usable in written English.
It can be used in contexts where you want to express a positive evaluation or assessment of something.
Example: "The committee provided a favourable appreciation of the project's impact on the community."
Alternatives: "a positive evaluation" or "a commendable assessment."
Exact(1)
Each player renewing his contract gets a favourable appreciation of his talent compared to a group of like players, thus inflating the average pay of the bunch with each signing.As a player gains mobility through free agency his services are auctioned, which results in his getting the highest salary that any team will concede.
Similar(59)
(Not necessarily a favourable development).
"Mine is a favourable one.
A favourable sequence of events then followed.
"Waiting does not prolong a favourable outcome.
But a favourable trade cycle helped too.
A favourable trade agreement was also concluded.
There is a favourable shared history here.
This, clearly, is not a favourable outcome.
"But there is a favourable situation here.
You stand a good chance of a favourable response.
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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