Warren Gatland's men reached the last four in New Zealand and almost shaded France for a place in the final, despite playing over an hour with 14 men following the early dismissal of captain Sam Warburton.
Their performances have not aided their ranking, though, and they are the only side in the top 10 to fall down the ladder, slipping from sixth to eighth.
Champions New Zealand remain top, with Australia second, France third and South Africa fourth, while England complete an unchanged top five.
Ireland rise a place to sixth, as do seventh-placed Argentina, then come the Welsh, Tonga and Scotland in 10th.
Gilbert has released a new line of rugby cleats. The Gilbert Virtuo 8S is part of the exciting new product. Check it out.
The entire All Blacks apparel line has been updated for 2013/14. Check out the New Zealand All Blacks polo.
The Nike Tiempo is a solid rugby cleat and one of few styles still made from full-grain natural leather.
The Gilbert Blitz 8S rugby cleat is a great cleat at a great price of $69.99. Get a new pair of cleats today.
A cool looking all black rugby cleat with the high performance adidas is known for. Get in the Gear!
Wear the crest of the British and Irish Lions on your t-shirt. A great look for the summer.
The All Blacks Performance t-shirt is black with hints of blue from the training jersey. Very Cool.
The New Zealand All Blacks training jersey for 2013/14. Get in the Gear!
The USA Rugby Pro Alternate rugby jersey is perfect for any fan of the Eagles. Get yours to wear during the summer Test matches.
The NEW All Blacks 2013/14 jersey has arrived at World Rugby Shop. Dare to wear the colors of the All Blacks.