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The phrase "a long term decline" is correct and usable in written English.
It can be used to describe a gradual decrease in a particular area over an extended period of time.
Example: "The company has been experiencing a long term decline in sales due to increased competition."
Alternatives: "a prolonged decrease" or "an extended downturn".
Exact(3)
"We will inevitably see a long term decline of the native ash.
But the dwindling groundwater was accompanied by a long term decline in rainfall in the region that affected farms watered from rivers.
This study did not find a significant correlation between a long term decline in forest and woodland cover and long-term rainfall in the Central Rift Valley.
Similar(57)
Airline stocks fell, continuing a long-term decline.
Miller brands have been in a long-term decline.
"There is a long-term decline in the amount of UK-originated content," he said.
And that comes at the end of a long-term decline of the reef, Kelleher said.
Violence in Iraq has recently risen, despite a long-term decline over the past year.
It could signal a long-term decline in living standards — downward mobility.
Printing stabilizes texts but also leads to a long-term decline in handwriting.
Is Europe's predicament cyclical or the start of a long-term decline?
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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