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The phrase "a sharp decline in" is correct and usable in written English.
It can be used to describe a significant decrease in a particular metric or situation, often in contexts such as economics, health, or statistics.
Example: "The report indicated a sharp decline in sales over the last quarter, raising concerns among investors."
Alternatives: "a steep drop in" or "a significant decrease in".
Exact(59)
Even diet sodas are experiencing a sharp decline in sales.
There has been a sharp decline in personal saving.
d)A sharp decline in demand for maple syrup.
Last year, business schools reported a sharp decline in applications.
The happy byproduct was a sharp decline in auto fatalities.
This led to a sharp decline in infant mortality and to a rapid increase n population.
Researchers have found a sharp decline in reading enjoyment after the age of eight.
There has been a sharp decline in demand for diesel vehicles.
A sharp decline in demand for office space hobbled the project for a decade.
In nonapparel items, a sharp decline in advertised prices was noted.
Similar(1)
This comes after a sharp decline in EU support starting in 2015.
More suggestions(18)
a precipitous decline in
a sharp diminution in
a drastic decline in
a strong decline in
a vertiginous decline in
a sharp reduction in
a substantial decline in
a sudden decline in
a considerable decline in
a sharp fall in
a sharp decreased in
a sharp spike in
a sharp jump in
a sharp improvement in
a sharp decrease in
a sharp drop in
a severe decline in
a sharp deterioration in
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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