Like, jesus fuck, there are about as many albums in the first 15 years of that graph (71) as there were in 2008! How the fuck?!
I guess part of it is that no one really cared. If you look at the most popular holiday songs, the newest song is Mariah Carey in 1994 (and a recording of some older songs from 1995). Despite the dozens upon dozens of Christmas albums produced over the 2000s, none have managed to really worm their way into the popular conscience. So, if no one's gonna care, why bother? But, that's just one possibility.
In case you're curious, all data basically came from the wikipedia categories for " Christmas albums". That probably misses some albums, but it's close enough I'm sure.