Would it be totally ridiculous to argue that the encryption key is more like instructions for constructing data?
"Take these raw materials, and run the machine according to these instrctions:" seems functionally equivalent to "take this chunk of useless data, and run the machine according to this decryption key:". An incorrect decryption key produces data, it just produces garbage data, yes? This would be the same as providing poor instructions to the machine.
In this way, the court isn't asking you to reveal evidence, they're asking you to construct if for them.
Once it's been encrypted, it's been destroyed. "Decrypting" is analogous to "rebuilding".