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"consecutive decline" is a grammatically correct and usable phrase in written English.
You can use this phrase to describe a series of reductions over a period of time, for example, "The company experienced a consecutive decline in profits over the past five years."
Exact(60)
It was the 12th consecutive decline.
It was the company's fifth consecutive decline in quarterly profit.
It was the second consecutive decline in Sony's annual profit.
That was the 19th consecutive decline in this category.
New-home sales fell 5.6percentt in July, the fourth consecutive decline.
Imports fell 14percentthethe sixth consecutive decline, to $96 billion.
Home starts also dipped 1.2percentt in November, the third consecutive decline.
Industrial production fell 0.3percentt in January, its fourth consecutive decline, the Federal Reserve reported.
Inventories of durable goods fell 0.4percentt in October, the ninth consecutive decline.
"In these figures today we see the eighth consecutive decline in nominal income.
Manufacturers lost 21,000 jobs last month, their 16th consecutive 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