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The phrase "has been falling since" is correct and usable in written English.
This phrase is usually used when discussing a current or recent decline in something. For example, "The stock market has been falling since the start of the year."
Exact(56)
Confidence and trust in the government has been falling since well before the financial crisis, and today the public seems especially amenable to drastic government spending cuts.
In the US, home entertainment spending, which includes DVDs and film rentals, has been falling since hitting a peak in 2004.
Crime has been falling since the mid-1990s.
"Public support for the EU has been falling since 2007.
At the same time, however, homicide has been falling since 2003.
Consumer credit has been falling since mid-2008 as households try to cut their debts.
Even so, attendance has been falling since 2006, when about 53,000 people turned out.
Similar(4)
Oil production has been falling since 2005.
The volume and overall value of fish passing through the market has been falling since 1990.
Union membership has been falling since 1954, when about 35 percent of the U.S. work force was organized.
While the United States is the world's top oil consumer, its output has been falling since 1971.
More suggestions(19)
has been drifting since
has been decreasing since
has been tumbling since
has been enrolling since
has been diving since
has been falling since
has been happening since
has been increasing since
has been waiting since
has been acting since
has been developing since
has been collecting since
has been declining since
has been studying since
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has been writing since
has been doing since
has been living since
has been rising since
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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